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 Airport CEO Tammy Priddle named one of Atlantic Canada's most powerful women in business
NL farmers invited to apply for livestock insurance against dogs or predators
Six shows announced for the 2026 season of the annual Gros Morne Theatre Festival
Bay St. George RCMP arrest woman for failing to meet conditions of her release
BOISAR members complete training with 104 Search and Rescue Squadron
