Quarterly report says Manitoba's financial outlook is improving
CTV
Manitoba is reporting a slight improvement to its projected deficit.
Manitoba is reporting a slight improvement to its projected deficit.
A first quarter financial report for 2021/2022 shows a forecasted shortfall of $1.56 billion.
That’s a $34 million decrease from the budget forecast from April.
The report says this includes additional COVID-19-related federal transfers for health care and the immunization program.
The province has earmarked $1.18 billion in pandemic-related expenses including PPE, support programs, and $462 million of contingency funds.
It also says the drought is impacting Manitoba Hydro’s bottom line, forecast at $188 million under budget.
Manitoba Liquor and Lotteries Casino is projected to be $29 million under because of casino and gaming operation closures.
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