US: Treasury reports $178 billion fiscal surplus in April vs. expected $235 billion

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The US Treasury Department has announced that the government recorded a $178 billion surplus in April, which was below the expected $235 billion. Total receipts in April amounted $638 billion, while outlays were $426 billion.

In the same month last year, the surplus was $308 billion. So far during the fiscal year 2023, the fiscal deficit has reached $924 billion, which is $564 billion higher than the comparable period last year. The total deficit in fiscal year 2022 was $1.3 trillion.

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