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.
Police search for missing 88 year-old, last seen in Cape St. George
Corner Brook's new dual-stream recycling means less contamination charges at the landfill
Special debate in the House of Assembly on Housing, Minister says every item in AG's report will be completed
WorkplaceNL celebrates 75 years today and the lost-time injury rate is much lower now
On-demand weeknights and weekends accessible transit to start in Corner Brook tomorrow
