The government released audited financial statements today showing the province had a surplus of $597.9 million — the fifth surplus in the past six fiscal years.
It originally budgeted for a deficit of $194.3 million.
Net debt also decreased by $94 million to $8.1 billion.
Finance Minister Tom Marshall says significant economic growth and higher revenues from the oil and mining industries contributed to the turnaround in its financial position.
The financial statements were audited by the provincial auditor general.