FILE PHOTO: A man counts U.S dollar bills at a money exchange office in central Cairo, Egypt, March 7, 2017. REUTERS/Mohamed Abd El Ghany

U.S. posts $182 billion surplus in April

WASHINGTON  – The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday.

The budget surplus was $106 billion in April 2016, according to Treasury’s monthly budget statement.

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

When accounting for calendar adjustments, the surplus last month was $145 billion compared with an adjusted surplus of $146 billion the prior year. The adjusted deficit for the fiscal year to date was $373 billion compared with $314 billion the prior fiscal year period.

Receipts last month totaled $456 billion, up 4 percent from April 2016, while outlays stood at $273 billion, a decrease of 18 percent from the same month a year earlier.

Reuters contributed to this report.

Benjamin Dyck

Benjamin Dyck

Benjamin Dyck, Editor/Reporter/Co-Owner [email protected] Ben is a Computer Science major, and Co-Owner of Project Republic Today. He servers as Editor-in-Chief, and reports on various facets of politics, and US/World news.