Posted on 05/11/2017 9:56:03 AM PDT by Stopthethreat
WASHINGTON (Reuters) - The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday.
The budget surplus was $106 billion in April 2016, according to Treasury's monthly budget statement.
The fiscal 2017 year-to-date deficit was $344 billion compared with $353 billion in the same period of fiscal 2016.
When accounting for calendar adjustments, the surplus last month was $145 billion compared with an adjusted surplus of $146 billion the prior year. The adjusted deficit for the fiscal year to date was $373 billion compared with $314 billion the prior fiscal year period.
Receipts last month totaled $456 billion, up 4 percent from April 2016, while outlays stood at $273 billion, a decrease of 18 percent from the same month a year earlier.
(Excerpt) Read more at yahoo.com ...
And yet California, which apparently has plenty of money for illegals and a loser train going nowhere, is projecting a deficit...
RE: Surplus
haven’t heard that word in a long time. Next question — WHAT WILL CONGRESS DO WITH ALL THAT MONEY?
How about give it back
If history is any guide... My bet is they’re going to think of extra “programs” to spend it on.
The government almost always posts a surplus for April. All the tax payments.
Unexpected, again.
They’ll find some way to burn it. I would start payments on the national debt.
I can see it now - if the govt pays down the debt by $100 billion, the Dims will ask why wasn’t it more (a drop in the bucket), or OTOH why wasn’t it spent on giveaways?
That’ll pay for a very nice border wall.
Blow it!
Monthly “surplus” or “deficit” numbers are virtually meaningless.
The problem is that other months, most of them run deficits.
You do understand this is just one month out of twelve, correct? At the end of the fiscal year, the US will have another handsome deficit, so don't get too excited.
No, it’s not unexpected. There is always a surplus in April when tax bills are due. For many many decades. We will have another large annual deficit at the end of September, which is what matters.
The government always has a surplus in April. Always. That is when the tax returns are due and people pay their tax bills. There is nothing new or unique about this.
...
True, but the article says a deficit was expected, so this is a big difference. Year to year comparisons for the same month can also be informative.
I completely understand your point, but the article says that the market (whatever that means in this context) expected a deficit. So, if there is a surplus, it was unexpected by these fools.
It would be nice if there was a small annual deficit in 9/17, but I’m not holding my breath.
Agreed. I thought that was odd. I think the article pointed out the surplus in April 2017 was a bit higher than April 2016.
“WHAT WILL CONGRESS DO WITH ALL THAT MONEY?”
piss it away or steal it
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