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U.S. federal budget surplus hits record high in April

Xinhua, May 13, 2015 Adjust font size:

The U.S. federal government budget surplus hit record high in April, as tax payment swelled government revenues, the U.S. Treasury Department said on Tuesday.

The budget surplus stood at 156.7 billion U.S. dollars in April, compared with 106.9 billion U.S. dollars last April.

In the first seven months of the fiscal year 2015, which started last October, the combined budget deficit stood at 282.8 billion U.S. dollars, down 7.7 percent from the same period a year ago.

The Congressional Budget Office (CBO) predicted that the budget deficit in the 2015 fiscal year will total 486 billion U.S. dollars, and the deficit as a share of gross domestic product in this fiscal year will be the lowest since 2007. Endite