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 in the Corner Brook area looking to arrest Adam Angus Waterman
Corner Brook waiting on today's budget for the paving program and fixing pot holes
Corner Brook MHA highlights the ten-year old Ambassador Program, creating lasting memories for tourists
Government grant available for children with disabilities to go to summer camp
Corner Brook city hall waiting on tomorrow's provincial budget for funding announcements
