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

On April 29, the U.S. Treasury Department released its estimate of net borrowing in the second quarter of $391 billion higher than expected in February, as the U.S. Congress has yet to raise the federal debt ceiling and initial cash reserves at the beginning of the second quarter were much lower than previously expected. Excluding the opening cash balance, second-quarter borrowing estimates are actually $53 billion lower than expected in February, according to the Treasury Department. According to Zerohedge’s analysis, this shows that the government efficiency department “DOGE” led by Musk is indeed working, the fiscal situation has improved, and the financing demand in the United States is actually declining. Total revenues were slightly higher than the same period last year, and expenses were near the low end of the historical range.