US Records First Budget Surplus Since August Thanks to Tax Filing Season

Social Security and net interest payments topped U.S. outlays in April.
US Records First Budget Surplus Since August Thanks to Tax Filing Season
The National Debt Clock in Washington on Nov. 13, 2023. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The U.S. government recorded a $210 billion budget surplus in April as Washington received a boost in revenues from Americans filing their annual tax returns, new Treasury data showed on May 10.

Last month’s federal surplus, which is common for this time of the year, was 19 percent higher than it was at the same time a year ago. In the first seven months of fiscal 2024, the budget shortfall totals $855 billion.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."