Liberals far from the red when it comes to finances

The Liberal Party of Newfoundland and Labrador raked in far more money than any other provincial party in 2014, while the PC Party suffered a steep financial decline, according to year-end report from Elections NL.

The report states political contributions to the Liberals for 2014 added up to $615,417.

The PC Party lagged far behind, with $174,310, while the NDP were not far behind that, with $106,524.

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Switching places

The Liberals' overall income, at $783,140, similarly outstripped the competition,and even its own earnings from the year before, when the party collected $302,035.

The PC Party's totals show almost an exact reversal, with a total income in 2014 of $315,708, compared to $756,088 in 2013.

The NDP remained fairly constant over the two year span, with a 2014 income of $146,891, and $114,364 in 2013.

Deep in debt

When it comes to spending in 2014, both the PCs and the NDP sank into the red, with the PC's running a deficit of $462,457.

The NDP's deficit was $21,772.

With $488,170 in expenses, the Liberals managed to stay in the black in 2014, with an excess of $294,970 in its bank account.

In 2013, the Liberals ran a deficit of $34, 659.