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Updated: May 1, 2025
Excess of At end of period Budget ex- penditures Public Cash bal- Fiscal Year over receipts debt ance 1945 53. 6 258. 7 24. 7 1946: July-Dec. 1945 18. 1 278. 1 26. 0 Jan.-June 1946 10. 5 275. 0 11. 9 Although the public debt is expected to decline, a substantial volume of refinancing will be required, because of the large volume of maturing obligations.
Excess of At end of period Budget ex- penditures Public Cash bal- Fiscal Year over receipts debt ance 1945 53. 6 258. 7 24. 7 1946: July-Dec. 1945 18. 1 278. 1 26. 0 Jan.-June 1946 10. 5 275. 0 11. 9 Although the public debt is expected to decline, a substantial volume of refinancing will be required, because of the large volume of maturing obligations.
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