Washington: The US federal government reported a budget surplus of $215 billion in April, as revealed by the Treasury Department on Tuesday. This figure exceeded market forecasts and marked a significant financial event in the seventh month of the 2026 fiscal year, which started on October 1, 2025, and is set to conclude on September 30.

According to Anadolu Agency, the surplus in April 2026 was a decline of nearly 17% compared to last year’s surplus of $258.4 billion. Despite this decrease, the surplus surpassed market projections, which anticipated a $157.2 billion surplus. The reduction in government receipts, which fell by 2% year-on-year to $837 billion, alongside a 5% increase in outlays to $622 billion, contributed to the financial dynamics of the month. Individual income tax collections played a pivotal role in achieving the surplus.

The total budget deficit for the first seven months of the 2026 fiscal year showed improvement, narrowing by 9% from the same timeframe last year to $954 billion. Previously, the deficit stood at $1.05 trillion during the corresponding period of the prior fiscal year. The October-April period saw receipts rise by 7% year-on-year to $3.3 trillion, while outlays increased by 3% to $4.3 trillion.