The monthly surplus declined by $43 billion from a year earlier, even though April typically posts stronger finances because of the mid-month tax filing deadline.
The U.S. Treasury reported that the federal budget surplus in April fell by $43 billion from a year earlier, a 17% decline, to $215 billion. April is usually a surplus month because the mid-month tax filing deadline brings a large inflow of payments from individuals and businesses. The reported drop indicates receipts were lower than in the same month last year.