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.
RCMP seize four vehicles and ticket drivers in less than 36 hours in Bay St. George
A new town in Bay St. George; Mainland and Three Rock Cove have incorporated
Corner Brook's new garbage and recycling program doing well since the start nearly two months ago
RCMP seize unworthy vehicle doing 50km/hr over the speed limit in Felix Cove
Seniors Advocate has mixed emotions about retiring but feels the time is right and the office is built
