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.
A missing man from the Clarenville area has been found deceased
Provincial fire ban ends at midnight
18 new affordable rental units to be built in Stephenville
RNC urges people to look out for one another as summer festival season kicks into high gear
Home heating rebate applications now accepted until January 15th
