Deficit shrinks with record monthly surplus
WASHINGTON- A flood of tax payments in April left the country with the largest monthly budget surplus in seven years according to the Treasury Department.
Government receipts were $471.8 billion, the largest monthly total on record and the largest surplus since April of 2008. Tax receipts have climbed due to a better economy, which boosted both individual and corporate tax payments.
Now the overall budget deficit is almost eight-percent below last year's at $282.8 billion.