WASHINGTON – The federal government posted an $82.7 billion deficit in April far exceeding economists’ estimates and a record deficit for the month of April, the Treasury Department reported today.
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Outlays totaled $328.0 billion and receipts totaled $245.3 billion.
Economists estimated the federal government would have a $30 billion deficit in April, according to the median estimate from Thomson Reuters.
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. This was the 19th consecutive monthly deficit.
