USA POSTS BIGGEST MONTHLY BUDGET SURPLUS IN FIVE YEARS

Business Insider

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Treasury Department

Wikimedia Commons/Florian Hirzinger

This just in: the U.S. government posted a $112.9 billion budget surplus in April, the highest in five years.

Total tax receipts collected during the month were $406.723 billion, up 27.6% from April 2012.

Total spending was $293.833 billion, up 13.1% from a year earlier.

The numbers were right in line with analysts' consensus estimate for a $112 billion surplus.

There is always a spike in revenues in April because of tax season, but this is the biggest April surplus since 2008.

The chart below shows 10 years of monthly U.S. budget balances.

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Monthly budget balance

Business Insider/Matthew Boesler, data from Bloomberg



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