• Salah Abdullah Al-attar - Editor-in-Chief

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Government report: The US budget surplus rose to 258 b i l l i o n i n A p r i l , w h i l e t h e d e f i c i t e x c e e d e d 258billioninApril,whilethedeficitexceeded1 trillion..

The U.S. Treasury Department reported on Monday that the federal budget recorded a surplus of 258billioninApril,markinga2349 billion) compared to the same month last year. Meanwhile, the deficit has exceeded $1 trillion since last October.

According to data in the report prepared by the Office of Financial Services, a division of the Treasury, U.S. government customs duties collected in April reached 16billion,anincreaseofnearly9 billion from the same period last year. This surpassed the previous record of $9.6 billion set two years ago.

On the other hand, the report noted that the budget deficit for the first seven months of fiscal year 2025 (which began on October 1 last year) stood at 1.049trillion,reflectinga23194 billion) compared to the same period in the previous year.