USA POSTS BIGGEST MONTHLY BUDGET SURPLUS IN FIVE YEARS

Matthew Boesler
May 10, 2013
Treasury Department
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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.

Monthly budget balance
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Monthly budget balance

Business Insider/Matthew Boesler, data from Bloomberg



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