The federal government ran a $49.2 billion surplus in January, the Treasury Department reported Monday.

Outlays in January totaled $311.802 billion. Receipts totaled $361.038 billion.

In January 2017, the government ran a $51.3 billion surplus.

Economists polled by IFR Markets predicted a $51.0 billion surplus.

In December, the government ran a $23.2 billion deficit.

For the fiscal year to date, the government has a $175.7 billion deficit, compared to a $158.6 billion deficit for the similar period in fiscal 2016.

treasury budget statement

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.