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.
Dangerous driver arrested in Corner Brook after she fled from police
Corner Brook RNC hand out tickets, seize vehicles and suspend licenses in three hours on Wednesday
NL Summer Games is less than 30 days away and more volunteers are needed
Corner Brook Mayor says extra police presence in downtown area is being noticed
RNC issue warning to concert goers about online ticket scams
