U.S. Federal Government Reports Record Budget Surplus in April

According to BlockBeats, the U.S. Treasury Department's latest data reveals a federal budget surplus of $258 billion in April, marking the second-largest surplus on record and a 23% increase from the previous year. This surplus is primarily attributed to robust tax revenue during the tax season and record-breaking import tariff income. Total tariffs in April amounted to $16 billion, an increase of approximately $9 billion compared to the same period last year, significantly surpassing the previous record of $9.6 billion set two years ago. On average, tariffs contributed over $500 million daily to the U.S. Treasury. Meanwhile, interest payments on debt exceeded $100 billion for the second consecutive month. Despite an agreement between the U.S. and China to reduce tariffs by 115% within 90 days, the budget deficit for the first seven months of the 2025 fiscal year reached $1.049 trillion, reflecting a 23% increase from the previous year.