The US government recorded a $215 billion budget surplus in April 2026, down from $258.4 billion in the same month a year earlier and below forecasts of a $220 billion surplus. Government outlays rose to $622.3 billion from $591.8 billion in April 2025. The largest spending categories were Social Security ($139 billion), net interest payments ($97 billion), Medicare ($88 billion), and national defense ($77 billion). Meanwhile, receipts declined to $837.3 billion from $850.2 billion a year earlier. Most revenue came from individual income taxes ($515 billion), social insurance and retirement contributions ($196 billion), and corporate income taxes ($83 billion). So far in fiscal year 2026, the US government has accumulated a budget deficit of $954 billion.