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.
Police find cocaine, MDMA, contraband cigarettes and cash during a search on a Corner Brook home this morning
Details coming Monday on the removal of MSC Baltic III from Cedar Cove
RCMP issue warning after dangerous synthetic opioid found in NL for the first time
61st annual Silver Blades Ice Show is tomorrow night at the Corner Brook Civic Centre
Corner Brook MHA concerned budget had nothing for family care team at the old hospital and YMCA daycare
