U.S Government Post $106B Budget Surplus In April

The United States government posted a $106 billion budget surplus in April, down 32 percent from the same period last year, the Treasury Department said on Wednesday.

The government had a surplus of $157 billion in April of 2015, according to the Treasury’s monthly budget statement. Analysts polled by Reuters had expected a $112 billion surplus for last month.

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Accounting for calendar adjustments, April would have shown a $147 billion surplus compared with an adjusted $157 billion surplus in April 2015.

The current fiscal year-to-date deficit was $355 billion, up 25 percent from a $283 billion deficit this time last year. On an adjusted basis, the gap was $310 billion compared with $283 billion last fiscal year.

Receipts last month totaled $438 billion, a 7 percent decrease from the same period last year, while outlays stood at $332 billion.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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