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.
RNC training taking place in Corner Brook this weekend on West Valley Road, signage will be in place
Police find more than a kilogram of cocaine at a Deer Lake home, one man and two youth arrested
Police are looking for a snowmobile stolen from Stephenville
Bay of Islands Volunteer Search and Rescue putting a pause on new members to allow time to train
A convicted murderer from Corner Brook gets day parole
