US April Budget Surplus rises to $182 Billion

April receipts boosted by change in corporate tax filing deadline

The federal government ran a budget surplus of $182.4 billion in April, up $76.4 billion from the same month last year, the Treasury Department said Wednesday.This is the largest April surplus since a record set in 2001.

Total receipts were $455.6 billion, up 4% from April 2016. Receipts were boosted by a change in corporate tax filing deadlines from mid-March to mid-April.

Spending in the seventh month of the fiscal year was $273.2 billion, an 18% decrease from the same month last year.

April is usually a surplus month since the government receives tax payments from individuals ahead of the tax-filing deadline. The government’s budget year runs from October through September.

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