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.
Major cabinet shuffle today and Humber-Gros Morne MHA Mike Goosney has a new role
National Day for Truth and Reconciliation is a holiday this year for employees with the city of Corner Brook
Deer Lake Airport CEO says quick response by police led to smooth travel after an unattended bag was left there
2026 NL Summer Games in Corner Brook and Stephenville ended last weekend but more work to be done
