In April, the US recorded a $210bn budget surplus, a 19% increase from the previous year, despite a $855bn year-to-date deficit.
The US government recorded a $210bn budget surplus in April, up 19% from the same month last year, due to a rise in tax receipts. However, for the seven months in the fiscal year to date, the budget recorded a deficit of $855bn, down 8% from the year before. Interest costs on outstanding US debt remain a significant driver of higher outlays, contributing to the sizable deficit for the year to date.
May 10, 2024
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