Manitoba's deficit running lower than predicted budget update
over 5 years in timescolonist
WINNIPEG — Manitoba's deficit is running a bit lower than expected.
In a third-quarter update for the fiscal year that ends March 31, the government says it is expecting to rack up a deficit of $325 million.
That's $35 million lower than predicted in last spring's budget.
While the economy is growing more slowly than expected, the government says corporate income tax revenues are running higher.
The government is also spending a lot less in areas such as housing and education.
Finance Minister Scott Fielding has promised to balance the budget and end a decade of deficits before the next election, which is slated for 2023.
This report by The Canadian Press was first published March 3, 2020
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