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.
Driver in hospital and two people injured after car crashes through Hew and Draw
Close to 62 percent of people diagnosed with dementia are women
Camber Arts students perform "The Prom" at the Arts and Culture Center, complete with 12 piece band
Vehicle crashes through front of Hew & Draw hotel
Roddickton RCMP looking into theft of guns from a home and a theft at the local arena
