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.
$12M project at the Curling westside reservoir will pave the way for 300 new houses
Seven young women from the west coast awarded scholarships
Government calls for Early Childhood Educator Steering Committee to be formed
Over $35M announced for 10 water and sewer projects on the west coast, including $12M for Curling reservoir
Woman dies from injuries after a single vehicle crash near Bonavista Thursday night
