Published: 2026-05-12T18:16:51.000Z
U.S. April Budget Surplus falls yr/yr on tax cuts and defense spending
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As is usually the case in April, a monthly budget surplus of $215.024bn has been recorded, but this is down from $258.4bn in April 2024, as tax cuts hit revenues.
Receipts fell by 1.4% yr/yr, the first yr/yr decline since October 2024. Outlays rise by a 4-month high of 5.2% yr/yr, with defense particularly strong at 9.5%.
