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.
Driver caught doing more than double the limit in a 50 km/hr construction zone on the Port au Port Peninsula
Nova Scotia driver caught with a fake plate, no insurance, and only a learners' permit near Corner Brook
Carol Anstey is the new Shadow Minister for Energy and Natural Resources
Autism@Work recently celebrates one year in Corner Brook, helping employees and employers
Quebec man driving a transport truck charged with impaired near Port Saunders
