WASHINGTON (TNND) — The U.S. government has delivered its first monthly surplus in its 2025 fiscal year, the second-largest monthly surplus in history.
In April 2025, the U.S. government spent $591.8 billion while collecting $850.2 billion, creating a monthly budget surplus of $258.4 billion. The last monthly surplus was around a $300 billion surplus in April 2022.
The 2025 fiscal year started in October 2024, with the Treasury Department saying the surplus was due to large individual tax deposits.
April was when the final payments for the previous year’s taxes were due, as well as the first quarterly estimate for individual and business taxes.
Individual income taxes are the largest contributor to revenue for the U.S. government in April, with this year’s revenues bringing in $537 billion. Corporate taxes contributed $94 billion, and retirement receipts brought in $184 billion.
Tariff revenue brought in $15.6 billion, double what it brought in during April 2024. While customs duties remain lower compared to other contributors, it is a reflection of the tariffs that Trump imposed last month.
In spending, Social Security was given $132 billion, Medicare was given $82 billion, health was given $76 billion, and national defense was given $70 billion.
For the 2025 fiscal year, the U.S. government has spent around $4 trillion while only bringing in $3 trillion in revenue from October 1 to April 30, creating a $1 trillion deficit so far.
Despite the large surplus for April 2025, national debt continues to rise, with the U.S. government’s debt sitting at $36.212 trillion.
