Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Deficit shrinks with record monthly surplus

4 years 3 months 1 week ago Tuesday, May 12 2015 May 12, 2015 May 12, 2015 7:48 PM May 12, 2015 in News
Source: Associated Press
By: Michael Marsh

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.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
7 Days