The U.S. Treasury Department said Monday that the federal government expected to borrow 182 billion U.S. dollars from the market to fund its operation in the second quarter of this year.

"During the April-June 2012 quarter, Treasury expects to issue 182 billion dollars in net marketable debt, assuming an end-of- June cash balance of 95 billion dollars. This borrowing estimate is 19 billion dollars lower than announced in January 2012," the Treasury said in a statement.

The Treasury forecast that 265 billion dollars will be issued in net marketable debt during the July-September quarter this year, assuming an end-of-September cash balance of 95 billion dollars, noted the statement.

U.S. federal budget deficit hit almost 1.3 trillion dollars in fiscal year 2011 ending in September 2011. The red ink of the federal government budget reached the historic high level of 1.41 trillion dollars in fiscal year 2009 to fight the financial crisis.

"During the January-March 2012 quarter, Treasury issued 401 billion dollars in net marketable debt, and ended the quarter with a cash balance of 43 billion dollars," according to the statement.

Due to the financial crisis and shrinking revenue, borrowings of the U.S. federal government surged over the past three years and the trend will continue this year.

U.S. economic conditions continue to firm and growth is expected to strengthen gradually in the near term, Janice Eberly, Assistant Treasury Secretary for Economic Policy, said in a separate statement released Monday.

"The administration remains firmly committed to maintaining the recovery's forward momentum even as we make the prudent choices necessary to safeguard our future fiscal health," stressed Eberly.

The Obama administration is committed to reducing the federal deficit by more than 4 trillion dollars over the next ten years and cut the deficit to less than 3 percent of GDP by fiscal year 2018.