A surplus posted by the Manitoba government for the end of 2019-20 will be short-lived, as the province now expects several years of deficits due to the economic impact of the pandemic.
It’s the first time the Manitoba government is registering a surplus in more than a decade.
Premier Brian Pallister gave the update on Tuesday alongside Finance Minister Scott Fielding, focused on Manitoba’s economic outlook.
The 2020 deficit is expected to be nearly $3-billion due to the impacts of fighting COVID-19.
You can view the 2019-20 public accounts and 2020-21 first-quarter report by clicking here.