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.
Man reported missing from Corner Brook located deceased
Bulk garbage collection in Corner Brook won't be finished until next week
The Eating Disorder Foundation NL has opened a new office in Corner Brook
More policing to focus on panhandling in downtown Corner Brook
Applications are open for the 2026-27 Community Enhancement Employment Program until June 26th
