April Deficit Hits $82.7B, Far Surpassing Estimates

WASHINGTON — The federal government posted an $82.7 billion deficit in April, far exceeding economists’ estimates, and a record deficit for April, the Treasury Department reported yesterday.

Outlays totaled $328 billion and receipts totaled $245.3 billion.

Economists estimated the federal government would have a $30 billion deficit in April.

In March, the U.S. posted an unrevised $65.4 billion deficit.

April is typically a surplus month for the Treasury as it collects personal income taxes.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER