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.
Newly established Harrys River Nature Reserve in Stephenville Crossing protects 118 hectares
NLC reports decrease of $3.8M for the third quarter but cannabis sales are up 4.5%
RCMP NL says roadway fatalities down 50 percent in 2025
NL reaches agreement for first standalone offshore oil and gas development since Hebron
NLTA president Dale Lambe says this week's Throne Speech "had no substance" for education
