Viewpoint: The Department of Efficiency (DOGE) of the US government has achieved results, and the actual borrowing demand of the US Treasury Department has significantly decreased

According to BlockBeats, on April 29th, the estimated net borrowing for the second quarter released by the US Treasury Department on Monday was $391 billion higher than the February estimate, due to the fact that the US Congress has not yet raised the federal debt ceiling, and the initial cash reserves at the beginning of the second quarter were much lower than previously expected. The Ministry of Finance stated that if the cash balance at the beginning of the quarter is not taken into account, the estimated borrowing for the second quarter is actually $53 billion lower than the February forecast. Zerohedge analysis suggests that this indicates that Musk's government efficiency department, DOGE, is indeed working, the fiscal situation has improved, and the financing demand in the United States is actually declining. The total income is slightly higher than the same period last year, and the expenditure is close to the lower end of the historical range.