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.
Trans Canada Highway through the Wreckhouse area is closed as crews work to remove a number of vehicles
Impaired driver charged in Deer Lake Saturday afternoon
It's fibre week in Corner Brook; paper and cardboard in the blue bag goes to the curb
Applications for the Athletic Excellence Fund now being accepted until March 11th
Deer Lake Airport CEO believes new route to Ottawa is due to community support and airline confidence
