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St. John's : Office Snapshot - 1Q 2013

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St. John's : Office Snapshot - 1Q 2013

The results of the 2013-2014 provincial budget were better than anticipated with the expected deficit of $1.6 billion trimmed to $563.8 million through a combination of spending cuts and increased revenue from offshore oil royalties and taxes.
Having played catch-up in terms of infrastructure for the last several years, the province now has to resize and restructure service provisions – although spending in real terms is actually up from last year.

Source : Cushman & Wakefield

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