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.
Police presence underway at Lewin Parkway and Pratt Street in Corner Brook
An 80-year-old woman is dead after a motor vehicle accident in Bay St. George
Premier says about $400K in American booze inventory is going back on the shelves for sale
Speedy Glass Red Bags initiative raises tens of thousands for local foodbanks since starting in 2019
Premier Tony Wakeham shuffles cabinet to get ready for the next phase
