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.
BOISAR rep says not enough snow for a snowmobile and too much mud for anything with wheels
Communities wanting to host NL Games can now make a bid
NL Author Helen C. Escott is ready to chat about her books as part of NL Libraries "Book Club Kits"
Fake money circulating at businesses in the Bay St. George area
Repeat offender charged with theft from a Stephenville grocery store
