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.
NL Hydro issues power warning for Saturday morning
Long Range Mountains MP highlights stats showing NL has 2nd-highest food inflation rate in Canada
Mental Health and Addictions-Western Zone explains three ways people can get help
Government is now accepting applications for the 2026 Summer Employment Program for Students
Woman dies from injuries in an ATV incident that happened Tuesday near Fairhaven
