The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties,

The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, the Treasury Department said on Monday.

Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago. The fiscal year-to-date deficit fell to $1.

The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties,