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.
41-year-old Matthew Delaney charged with two counts of murder in St. John's
UPDATE: Team on site to bring back cell service after damage to a Bell Aliant tower in the La Scie area
Mill City Mavericks, Broadway Blues Band and Tammy Dutcher perform in Stephenville tomorrow night
60th annual Lions Club Santa Claus Parade is tomorrow "60 Seasons of Christmas Magic!"
Blow Me Down Ski Trails to open tomorrow, a month earlier than last year
