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MNI BRIEF: U.S. Treasury Posts Record $308B Surplus In April

(MNI) Washington

Record tax receipts and lower outlays fueled the April surplus.

The U.S. Treasury said it posted a record budget surplus of USD308 billion in April, fueled by record tax receipts and lower outlays, versus a budget deficit of USD226 billion in the same month one year earlier.

The fiscal year-to-date budget deficit was USD360 billion, following a record USD1.9 trillion deficit in the same period a year earlier, the Treasury said.

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The U.S. Treasury said it posted a record budget surplus of USD308 billion in April, fueled by record tax receipts and lower outlays, versus a budget deficit of USD226 billion in the same month one year earlier.

The fiscal year-to-date budget deficit was USD360 billion, following a record USD1.9 trillion deficit in the same period a year earlier, the Treasury said.