Situation
The impact of large individual tax deposits resulted in budget receipts of $383.6 billion and a
surplus of $177.7 bn for Apr’07
Fiscal deficit as a % of Real GDP stood at - 6.17% at the end of Q1 2007 ( Q1 always tends to have the worst fiscal situation as a % of GDP)
Background ( click on image for a larger visual) 
- April always tend to have the largest monthly surplus of the year.
- Within this - this $177.7 bn has been the largest surplus since Apr’01 ( $ 189.8 bn )
- Since 1980 this is the second highest monthly surplus ( after Apr’01)
- As can be seen in the image the savings rate has steadily improved along with the improvement in the fiscal situation
Conclusion ( click on image for a larger visual) 
- Q2 always tends to have the best fiscal situation (Q2 for both 2005 and 2006 were at a fiscal surplus)
- We can expect the surplus as a % of GDP to be to be towards a 4.50% for Q2 2007.
Related links
- USA - Deficit increases in Mar’07 ( on an annual basis)
- USA - Q1 2007 GDP annual growth slumps to its lowest since 2003 Q3
- USA - Relationship between Fiscal Deficit and Savings rate ( since 1981 )
- USA - Relationship between GDP and Savings rate ( Quarterly data since 1985 )
- USA - Fiscal situation as a percentage of GDP, under the recent four Presidencies ( since 1980 )
- USA - Manner in which the Deficit has been financed since 1995 ( Savings viz external debt)