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.
One man was injured at a workplace accident in Corner Brook yesterday
No injuries in a hit and run in Stephenville yesterday afternoon
The annual Corner Brook Bay of Islands Pride Parade is tomorrow with a celebration at the Majestic Lawn
BOISAR uses new drone to pinpoint the location of lost hikers near Corner Brook
$270M for improvements at Marine Atlantic terminals in Port aux Basques and Argentia
