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 federal funding to hire students at the Corner Brook Baseball Association
Robust cleaning on the go in Corner Brook's downtown area and two new hires to start there soon
RNC hand out 525 tickets, mostly for speeding, during Canada Road Safety Week
RCMP looking for stolen snowmobile and trailer, taken from the Hampden Junction area
Eight kids from Corner Brook will be Team Canada at an international golf tournament tomorrow
