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.

Thanks to the annual surge in receipts as Americans pay their tax bills, the U.S. recorded a budget surplus of $258 billion in April. The surplus was about $48 billion larger than the monthly surplus recorded a year ago.