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.
Deer Lake RCMP looking to arrest Bradley Adams, who may be in the St. John's area
"Bumps in the road" expected when Corner Brook rolls out new garbage collection program on Monday
Career workshop for women at Vine Place Community Centre in Corner Brook next week
Western Driving School's donation provides for 400 breakfasts at two west coast schools
Final change orders on Mount Bernard Reconstruction project tally more than $1.2 million
