Shock: U.S. government runs second-highest monthly surplus in April

You know President Donald Trump will claim for credit this.

According to a new report from the United States Treasury Department, the federal government ran its second-highest monthly surplus in history last month. Washington had an April surplus of $182.4 billion, the second biggest on record – the largest surplus was in April 2001 with $189.8 billion.

The Associated Press notes:

“The government generally runs surpluses in April reflecting the annual tax deadlines. This year’s surplus was inflated because of a deadline change that allowed corporations until April to make their final tax payments for last year. The deadline had previously been March.”

For the first seven months of the current budget year, the federal government took in $1.93 trillion, up 0.2 percent, and spent $2.27 trillion, up 0.2 percent. The federal government is running a budget deficit of $344.4 billion, down 2.4 percent from last year.

Like this article? Get ECN delivered to your inbox daily. Subscribe here.

Leave a Comment