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.
No injuries after a vehicle went over an embankment and struck a parked vehicle in Deer Lake
Finance Minister commits to carrying election platform promises in next week's budget
Acting Child and Youth Advocate is against Ontario's proposal of tying chronic absenteeism to school marks
Government is set to deliver Budget 2026 next Wednesday
RCMP say threats against a school in the Codroy Valley were "not credible"
