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.
Corner Brook city hall waiting on tomorrow's provincial budget for funding announcements
Government commits to $4M to help low-income renters stay housed
$3.9M in funding announced to make the RSV vaccine more available
Minor injuries and an impaired charge laid after a two-vehicle collision in Corner Brook Friday night
RCMP looking into a case of animal cruelty after remains of two dogs found in St. George's
