The Manitoba Government has assessed its fiscal standing, noting that the deficit has been going up.
The 2023-24 third-quarter report shows an increase in the forecasted deficit from the second quarter released in December 2023 and a significant increase in the deficit as reported in the first quarter by the previous government.
Finance Minister Adrien Sala noted the increase is largely attributable to significant unbudgeted overspending in the healthcare sector, as well as losses at Manitoba Hydro and tax cuts.
This would mark a substantial increase from the 363-million figure originally predicted in last year's budget.
To find the full fiscal update, visit the Province Of Manitoba's Website.
