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Here's One we Haven't Heard In a Long Time: U.S. government posts $182 billion surplus in April 2017

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SirLinksALot:
SOURCE: YAHOO NEWS via REUTERS

URL: https://www.yahoo.com/news/u-government-posts-182-billion-surplus-april-180943488--business.html


WASHINGTON (Reuters) - 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.

Cripplecreek:
WOW!

We paid down 20 trillion dollars in debt and now have a surplus!

I should be getting a big ole refund check in the mail any minute now.

SirLinksALot:
OK, before we cheer this news, let's remember this --- It's APRIL (tax season ) we're talking about.

Let's see how we do come June. I'm not optimistic that this can be sustained.

InHeavenThereIsNoBeer:
"Here's One we Haven't Heard In a Long Time..."

"When accounting for calendar adjustments, the surplus last month was $145 billion compared with an adjusted surplus of $146 billion the prior year."

Guess the definition of a long time tends to vary.

ABX:
Actually, we hear this often, almost every April when tax revenues hit.. For example, almost identical headlines under Obama:
http://aattp.org/breaking-fed-runs-114-billion-surplus-in-april-thanks-obama/
http://theweek.com/speedreads/455126/obama-track-leave-budget-surplus
http://www.washingtontimes.com/news/2012/may/7/deficit-streak-ends-obama-first-monthly-surplus/
http://www.huffingtonpost.com/2012/05/08/president-obama-budget-surplus_n_1499266.html
https://www.usnews.com/news/business/articles/2015/05/12/us-records-biggest-budget-surplus-in-7-years

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