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.
Deer Lake RCMP recommending residents lock vehicles and safeguard valuables
Delay in mail delivery leads to tax payment extension for seniors in Corner Brook
Qalipu First Nation to present "Winter Village" end of February and everyone is invited
Local media gets close view of grounded cargo vessel in Lark Harbour, in Cedar Cove since February 15th
4 calls in 4 weeks for Bay of Islands Volunteer Search and Rescue
