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.
Bay of Islands Volunteer Search and Rescue find missing Corner Brook woman
Canadian Blood Services collecting stem cells at Grenfell Campus today and this evening
Premier Andrew Furey launches "Buy From Newfoundland and Labrador" campaign and logo
Corner Brook Mayor says changes are coming to the city's transit system this year
Police are looking for a stolen vehicle from Irishtown-Summerside
