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.
RCMP NL reporting "encouraging" weekend, no impaired driving charges laid and hundreds checked
New chapter starting at Marble Mountain set to open next weekend
St George's woman set to release fourth book in a series this spring, "Poppa and the Mystical Masgwi"
Bay St. George RCMP looking for masked robbery suspect
Head of Corner Brook Baseball Association excited about growth of "Baseball for All"
