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.
2nd annual radiothon in support of Bay of Islands Volunteer Search and Rescue is tomorrow 12-3 on Bayfm!
Government begins recruitment campaign to get more foster parents called "Foster a Future"
14th annual Corner Brook Kinsmen Charity Golf Tournament is next weekend, still time to enter a team
Coastal Action team pulls 44 goldfish out of Link Pond this week in less than 3 minutes
Cost of electricity could go up 2.25 percent on July 1st, 2027
