NL Net debt for 2021-22 is $16.4 billion

    Wednesday, 5 July 2023 12:22

    By Tonya Organ

    Reports also showed Expenses were $8.9 million lower than the estimated $9.3 billion.

    The Auditor General hosted public hearings today to follow up on recommendations made in 2 reports. Specifically, the Public Accounts Consolidated Summary Financial Statements for the year ended March 31, 2022 and the Annual Report of the Office of the Auditor General dated February 2023. There was a $271.9 million deficit for the 2021-22 fiscal year. This equals a $553.6 million decrease to the original projected deficit of $825.5 million. Net debt for 21-22 is $16.4 billion. Reports also showed Expenses were $8.9 million lower than the estimated $9.3 billion. Revenue was at $8.6 billion higher than the original estimation of $8.5 billion. 

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Sleet

      High: 8°C | Low: -9°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Ed Kearsey Jersey Retirement

      Saturday night the Corner Brook Royals host the Deer Lake Red Wings, the jersey of senior hockey legend Ed Kearsey will be retired!

    • The Plain Truth

      The Plain Truth, January 15, 2025

      TRIGGER WARNING: This episode contains discussions about Mental Health and Addictions. We acknowledge that this is a sensitive topic for a lot of people and we hope that you able to find strengh and resilience if you choose to keep listening.

    • Qalipu Today

      Qalipu Today, January 14, 2025

      Qalipu Today, January 14, 2025, first show of the year