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.
The ground has been broke at the site of a major salt mine in St. George's
Port of Corner Brook to offer free workshop for those looking to get involved in the cruise guest experience
Stephenville sets sights on being Canada's Most Active Community
Two men arrested Friday after police find cocaine, pills, and cash during a traffic stop on Route 430
Trans Canada Highway is open now near the Bay d'Espoir turnoff
