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.
Fundraising efforts are underway to help a ginger cat now named, "Romeo" who was shot in the West Bay area
Porter Airlines announces new, five-times-weekly service from Deer Lake to Ottawa
Corner Brook approves home based businesses for wedding planning and smoked meat/fish products
Bay St. George RCMP investigating after a cat was found in West Bay with a gunshot wound
Standing Senate Committee on Fisheries and Oceans gets message from Qalipu First Nation
