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.
It's Municipal Awareness Week and there's lots on the go in Corner Brook
Mandatory registration coming for K-12 students to ride the school bus
Environment and Natural Development with Qalipu First Nation busy with research projects
Police find cocaine, MDMA, contraband cigarettes and cash during a search on a Corner Brook home this morning
Details coming Monday on the removal of MSC Baltic III from Cedar Cove
