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.
Deer Lake on "high alert" with rising water levels and Kruger's plans to spill water at Main Dam starting tomorrow
3,000 acres of crown land now available for farmers with long term plans
Pasadena Fire Chief and a Lark Harbour councillor received the RNC Citizens Recognition Award
Deer Lake Mayor asking residents to use caution and be prepared in case of a flood as water levels continue to rise
Two home based businesses approved by Corner Brook city hall
