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.
Chimney fire briefly closes lower East Valley Road in Corner Brook Tuesday night
National alert test at 10:45 this morning on radio, television, and devices
Port aux Basques RCMP nab man at a traffic checkpoint prohibited from driving Canada wide
Corner Brook now has two accessible transit vans for practically the cost of one
Deer Lake RCMP take two impaired rivers off the roads this past weekend
