U.S. Government Posts $182 Billion Surplus in April

A man counts U.S dollar bills at a money exchange office in central Cairo, Egypt, March 7, 2017. (REUTERS/Mohamed Abd El Ghany)
A man counts U.S dollar bills at a money exchange office in central Cairo, Egypt, March 7, 2017. (REUTERS/Mohamed Abd El Ghany)

The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday.

The budget surplus was $106 billion in April 2016, according to Treasury’s monthly budget statement.

The fiscal 2017 year-to-date deficit was $344 billion compared with $353 billion in the same period of fiscal 2016.

When accounting for calendar adjustments, the surplus last month was $145 billion compared with an adjusted surplus of $146 billion the prior year. The adjusted deficit for the fiscal year to date was $373 billion compared with $314 billion the prior fiscal year period.

Receipts last month totaled $456 billion, up 4 percent from April 2016, while outlays stood at $273 billion, a decrease of 18 percent from the same month a year earlier.

SOURCE: Lindsay Dunsmuir; Editing by Andrea Ricci
Reuters