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.
Overnight parking ban in effect in Corner Brook as winter weather has arrived
Corner Brook Kinsmen Santa Claus Parade is this Saturday, bring a donation for the foodbank
Education Minister says more needs to be done in K-12 system for skilled trades opportunities
Corner Brook city hall to bring down the 2026 budget on December 15th
Students are invited to apply for the 2026 Research Inspired Student Enrichment (RISE) Awards
