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.
No serious injuries for an on-duty RCMP officer involved in a crash near Stephenville Crossing on Monday
Funding approved for 7 west coast communities through Community Wildfire Prevention and Mitigation program
"Galaxy Fantasy" by Rebecca Hampton now online for listeners
Two people are dead after a collision Saturday near Bull Arm
Long standing business owner in Corner Brook has concerns about rebates for heat pumps
