Inpublic finance,intragovernmental holdings (also known asintragovernmental debt orintragovernmental obligations) are debt obligations that a government owes to its own agencies. These agencies may receive or spend money unevenly throughout the year, or receive it for payout at a future date, as in the case of a pension fund. Lending the excess funds to the government, typically on the accounts of itstreasury, enables the government to calculate its net cash requirements over time.
In theUnited States, intragovernmental holdings are primarily composed of theMedicare trust funds, theSocial Security Trust Fund, andFederal Financing Bank securities. A small amount of marketable securities are held by government accounts.[1][2]
US specific:
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