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.
Norris Point man and Corner Brook woman caught with cocaine near Howley this week
Two men arrested, one with a Canada Wide warrant, with drugs, cash and more in Corner Brook last night
Military munition found in Bay St. George has been safely disposed of at a secure location
Moose fencing coming on the TCH from Glide Lake Road to Little Harbour
Government calls for a seven-day food fishery for us all
