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.
Premier and cabinet being sworn in today
NL teachers stand in solidarity with striking teachers in Alberta who are being forced back to work
Studded tires to be allowed as of this Saturday
Water being shut off twice a day in Hughes Brook as dam levels drop critically low
New Corner Brook council wrapping up orientation, meeting with MP in a couple of weeks
