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.
Lower taxes, health care and safe communities highlighted the provincial budget yesterday
Consultant chosen for the Curling/Westside Reservoir and Transmission Main project
ParksNL seeing a 19 percent in bookings over last year since taking reservations last week
RCMP in the Corner Brook area looking to arrest Adam Angus Waterman
Resolve Marine contracted to remove the MSC Baltic III from Lark Harbour
