MNI BRIEF: US Treasury Saw April Budget Deficit of USD226B

The Treasury Department Wednesday said the U.S. has racked up a USD1.9 trillion deficit in the first seven months of the fiscal year, with a USD226 billion deficit in the month of April.

The April federal budget deficit was a shift down from March's USD660 billion, when some of the Biden administration's USD1.9 trillion fiscal relief was dispersed. Receipts in April were USD439 billion, up USD197 billion, or 82%, compared to the year-ago month. Outlays were USD665 billion, down USD315 billion, or 32%, compared to April 2020.

The Treasury Department said the federal deficit in the first seven months of fiscal year 2021 was USD1.932 trillion, up USD450 billion compared with the deficit during the same period last year.