U.S. Posts $6B Budget Surplus in June, Down From $50B in 2015

The government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier.

United States one dollar bills seen on a light table at the Bureau of Engraving and Printing in Washington

REUTERS/Gary Cameron

July 14, 2016, 10:55 AM UTC / Updated July 14, 2016, 10:55 AM UTC / Source: Reuters

By Reuters

The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday.

The current fiscal year-to-date deficit stood at $401 billion, according to the Treasury's monthly budget statement. Receipts last month totaled $330 billion, while outlays were at $323 billion.

Accounting for calendar adjustments, June would have shown a surplus of $10 billion compared to an adjusted surplus of $50 billion for June 2015.

Reuters