The United States government has posted a budget surplus for January 2022, the first time in over two years, displaying a considerable change over the deficit registered during the same month last year as government revenue collection improved post-pandemic. For January 2022, the United States posted a $118.70 billion surplus, up from a deficit of $162.83 billion posted in January 2021, a report from the Treasury Department showed. During the early months of the pandemic when unemployment levels began to hit high levels and the economic outlook was vulnerable, the government implemented several relief programs. This led to the country registering a record $3.1 trillion annual deficit in September 2020. But in recent months, government programs to support the unemployed have ceased and the state’s revenue collection improved as more people returned back to work. This is the first monthly surplus since September 2019 when the government posted a $82.77 …
US Registers $119 Billion Monthly Budget Surplus As People Get Back to Work
February 12, 2022
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