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.
RCMP searching for man last seen in Corner Brook
RCMP are looking for information after a vehicle fire at a Stephenville dealership last night
RCMP looking for the public's help with a stolen ATV investigation in Barachois Brook
Man arrested after an assault in Corner Brook that left a female with injuries
Child and Youth Advocate releases report titled, "Off the Radar"
