Economics

U.S. Posts Record Monthly Budget Surplus of $214 Billion

The government’s budget surplus was $214 billion in April
The deficit so far this fiscal year is $385 billion: Treasury

The U.S. Capitol stands at sunset in Washington, D.C., U.S.Photographer: Andrew Harrer/Bloomberg

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By Saleha Mohsin

May 10, 2018 at 6:00 PM UTC

Updated on

May 10, 2018 at 8:40 PM UTC

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The U.S. posted its largest monthly budget surplus on record in April, which the Congressional Budget Office said reflected stronger economic activity over the past year.

Receipts in April totaled $510 billion, about 12 percent more than the same period last year, while outlays increased by 8.4 percent to $296 billion, the Treasury Department said Thursday in its monthly budget statement. The monthly surplus was $214 billion, the highest in records dating to 1968.