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The U.S. Treasury Department released its federal budget data on Wednesday. The budget surplus was $106.0 billion in April, missing expectations for a surplus of $112.0 billion, after a deficit of $108.0 billion in March.
The budget surplus was driven by annual tax payments.
In the seven months of the fiscal year 2016, which ends at September this year, the budget deficit totalled $355.0 billion, up 25.0% from a year ago.