This surplus is primarily related to an increase in revenues of $1.1 billion compared to the original estimate, mainly due to higher than anticipated taxation revenue and offshore royalties.
Government has a $323.1 million surplus for the fiscal year that ended March 31st. That’s a $674.5 million improvement compared to the original estimated deficit of $351.4 million. This surplus is primarily related to an increase in revenues of $1.1 billion compared to the original estimate, mainly due to higher than anticipated taxation revenue and offshore royalties. This was offset by an increase in expenses of $445.5 million compared to the original estimate.
Impaired driver narrowly misses two RNC officers at a check point near Cook's Brook
Corner Brook city hall hosts "respectful" budget consultation, budget coming down on December 8th
44th annual Gingerbread House opens tomorrow at the Valley Mall
RCMP arrest Tanner Alexander after theft of liquor at a Stephenville store
Assessment underway after last week's weather pounded a grounded cargo ship in Lark Harbour
