WASHINGTON - The federal government posted a $112.9 billion budget surplus in April after running a $106.5 billion deficit in March, the Treasury Department reported Friday.

The budget surplus, driven by individual tax deposits, exceeded the $96 billion surplus projected by economists polled by Thomson Reuters and was nearly $54 billion or 91% larger than the $59.1 billion surplus posted for April 2012.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.