US posts record $308B budget surplus in April

US posts record $308B budget surplus in April

Figure marks strong recovery on annual basis from $226B deficit in April last year

By Ovunc Kutlu

ANKARA (AA) - The US federal government posted a monthly record of $308 billion budget surplus in April, according to the Treasury Department data released on Wednesday.

The previous monthly record for surplus was seen in April 2018 with $214 billion.

It also marks a strong recovery on an annual basis when the government posted a $226 billion deficit in April last year.

The number of receipts jumped 97% in April this year, from the same month of last year, to reach $864 billion.

Outlays declined 16% from the same month of the previous year to come at $555 billion in April.

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