The Manitoba government says its expecting to post a deficit of $1.3 billion for the fiscal year.
That’s up from the $796 million tabled in the 2023-24 budget.
Finance Minister Adrien Sala says the increased deficit in the mid-year fiscal update is partly due to overspending in health care.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
The government is forecasting $438 million in overspending in that department, driven by high costs in health authorities.
Manitoba has run deficits in every year but two since 2009, and the NDP government continues to promise a balanced budget by 2027.
The government posted a deficit of just under $2 billion in the last fiscal year.
- Can Trump decertify aircraft? What experts say amid Bombardier threat
- Bombardier warns of ‘significant impact’ to travellers from Trump’s threat
- Corus to seek court approval of recapitalization plan after shareholder vote narrowly fails
- Canadians have billions in uncashed cheques, rebates. Are you one of them?
Comments