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.
Slow moving on the TCH near Hampden Junction, tractor trailer carrying vehicles gone off the road
RNC say it took some time to reopen Curling Street when an oil truck overturned this week
Ten young west coast athletes recently recognized for their athletic achievements
Man charged after stealing from a liquor store in Stephenville
Plans ahead to expand the Disc Golf course in Corner Brook
