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.
Clarenville RCMP looking for 48-year-old Jeremy Bugden who was last seen on July2nd
Port Saunders RCMP looking to arrest 33-year-old Tyler James Melvyn Bennett
Charges upgraded now that a young boy has died after being struck by a vehicle in St. John's
Single vehicle crash near the airstrip in Bell Island claims the life of a 58-year-old man
Corner Brook submits plan for federal funding to help with the costs of paving roads
