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.
Humber River and communities around it are under a flood watch
MNL concerned over changes to Multi-Year Capital Works Program and lack of consultation
It's Stop Sexual Exploitation Week, "It Happens Here; together we can create a safer community"
Seniors of Distinction Awards nominations accepted until Monday, May 11th
MHA says Corner Brook will lose $400K a year with changes to the Capital Works Program
