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.
Government introduces a new website with the latest wildfire information and heftier penalties
NL Liquor Corporation is reporting net earnings for the year are $199.6 million, a decrease of $11.1 million
The "Spring into Action Food Drive" takes place 1-5 p.m. today at all grocery stores in Corner Brook
Man dies from injuries as a result of a two vehicle collision on the Veterans Memorial Highway yesterday
Some crimes can now be reported online to the Royal Newfoundland Constabulary
