US April Budget Surplus Falls to 215 Billion Dollars

The U.S. budget surplus fell to 215 billion dollars in April as tax refunds rose. Higher interest costs and military spending also contributed to the decline.

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The United States government recorded a $215 billion budget surplus in April, a 17% decline from the previous year. Increased tax refunds and rising interest costs reduced the surplus from $258 billion reported in April 2025. Record debt servicing costs and military outlays are pressuring the fiscal balance despite higher year-to-date tax receipts.

Tax Refunds and Interest Costs Erase Gains

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