Manitoba's deficit will be nearly $900-million less than projected, but the deficit is still expected to reach a historic high by the end of the fiscal year.
Today the Premier provided a mid-year financial report alongside Finance Minister Scott Fielding.
The province is forecasting a deficit of $2.048-billion by early-spring, which would be the largest deficit Manitoba has ever recorded.
Provincial revenue is forecasted to be $372-million lower than budget, largely as a result of economic shutdowns due to the pandemic, and decreased revenue from Manitoba Liquor and Lotteries Corporation with ongoing casino closures.
