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US Treasury posts record budget surplus in April as revenues climb

By Arghyadeep Dutta - May 11, 2022, 04:31 PM ET
Last Updated - Feb 27, 2024, 01:00 PM EST
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In the fiscal year 2022, which started last October, the government reported a deficit of $360 billion for the seven months, down 81% to $1.932 trillion from the year-earlier deficit

Last record monthly surplus was $214 billion in April 2018

Outlays dropped 16% to $555 billion due to lower spending for COVID-19 relief

The US government posted a receipts surplus of $308 billion in April — a record for any month — as the revenue nearly doubled from a year earlier amid a robust economic recovery from the COVID-19 pandemic.

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The Treasury Department on Wednesday said last month’s receipts jumped 97% to $864 billion from April 2021, a record for any month.

In March 2022, the government recorded a deficit of $192 billion.

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