Pandemic complicates Liberal leadership contest that will elect 14th N.L. premier Osborne says the soaring deficit is the result of a significant drop in world oil prices and costs associated with the COVID-19 pandemic.The finance minister says expenses for the fiscal year will jump by $720 million, including an increase of $261 million in health care, $90 million of which is related to the pandemic.A $200-million contingency fund that was approved in March has also contributed to rising expenses, with $118 million spent so far.Offshore oil revenue is projected to decrease by $631 million, mainly due to a $560-million drop in royalties..
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