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.
Pasadena woman caught at a traffic stop in Corner Brook with cocaine on Wednesday night
Government looks for public input on changes to the Highway Traffic Act
Rugby returns to the NL Summer Games underway in Corner Brook after a three decades absence
Registration is open for the first West Coast Business and Investment Summit
Corner Brook business offering meals for those in need this Tibbs Eve
