Wednesday, May 8, 2024

Surplus of $208 Billion in April 2024

 See https://www.cbo.gov/system/files/2024-05/60193-MBR.pdf

Because of the large inflow of tax payments, the federal government usually records a budget surplus in April. This year, that surplus was $208 billion, CBO estimates—$32 billion more than the amount recorded last April.

The federal budget deficit was $857 billion in the first seven months of fiscal year 2024, the Congressional Budget Office estimates—$68 billion less than the deficit recorded during the same period last fiscal year. Revenues were $278 billion (or 10 percent) higher and outlays were $210 billion (or 6 percent) higher from October through April than during the same period in fiscal year 2023.

Net Interest Expense for April was $91 billion, up from $66 billion in April 2023.

On 4/30/2024, the total national debt was $34.617 trillion, and one year earlier on 4/28/2023 it was $31.458 trillion.  So that is an increase of 10.0% from one year ago.

=========

As of 4/24/2024, the Federal Reserve now has a deficit of $165.39 billion, up from $159.47 billion (as of 3/27/2024).  This is an increase of $5.9 billion for the month.


No comments:

Post a Comment