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.
22-year-old motorcyclist dies at the scene of a crash on Route 430 last night
Camper slides off road near Doyles yesterday with high winds in the area
Corner Brook Councillor says "panhandling is a constant topic of conversation at city hall"
Province files request to intervene in hearing on Marine Atlantic's designation as an essential service
Porter Airlines hits the runway with new weekly direct flights between Deer Lake and Ottawa
