U.S. government posts massive surplus in April

The most recent report from the Treasury Department said the U.S. government had a $182 billion budget surplus in April, an increase of $76 billion from April of last year.

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

The surplus in March was $145 billion compared with an adjusted surplus of $146 billion last March.

In addition, receipts last month totaled $456 billion, which Reuters reports is up 4 percent from April 2016.

The data was provided in the Monthly Treasury Statement issued by the Treasury Department.

The fiscal year begins October 1. In April, spending was reportedly down by 18 percent from the same month in 2016.

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

Send this to a friend