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.
NL Health Services dealing with an outbreak of Invasive Meningococcal Disease in the Central zone
Police investigating a possible case of animal cruelty after a small dog was found dead near Port aux Basques
RNC say one person is dead after an early morning impaired single-vehicle rollover in St. John's
Corner Brook peewee baseball coach talks about the experience youth will get at the NL Summer Games
Port Saunders RCMP nab motorcyclist who was speeding, stunting, and also fled from police
