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.
Fire levels long time family business on the Viking Trail near Cormack
Text message scam making the rounds here about a refund from motor registration
Licensed Cannabis Retailer to open in Pasadena in the new year, 59 in NL so far
Bay St. George RCMP officers and others injured during altercation that involved tasering a man
Benoit's Cove man accused of killing a 91-year-old pedestrian is back in jail
