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.
Route 340 near Lewisporte is closed both ways due to a motor vehicle collision
Electrofishing to start this weekend to continue getting goldfish out of Link Pond in Massey Drive
It's International World Oceans Day and a celebration is taking place at the Majestic Lawn until 3 p.m.
No buildings or equipment damaged during an overnight fire at Wildcove and a water bomber is on the scene
Fire ban lifted in Corner Brook
