Manitoba projects $1.6-billion deficit, more than double the original forecast


WINNIPEG — The Manitoba government is looking at another larger-than-expected deficit.

A mid-fiscal-year update says the province is now predicting a deficit of $1.6 billion — more than double the $794 million originally forecast in the spring budget.

One of the main factors was a long, hot wildfire season that prompted many communities to be evacuated and cost the province more than $370 million.

The dry weather has also caused Crown-owned Manitoba Hydro, which relies on water levels for energy, to predict a big loss this year.

The NDP government missed its deficit target last year as well, and has promised to balance the budget before the next election, slated for October 2027.

Finance Minister Adrien Sala has said the province is still committed to that promise.

This report by The Canadian Press was first published Dec. 15, 2025

Steve Lambert, The Canadian Press




Source link

  • Related Posts

    Friday Afternoon Links

    Assorted content to end your week.- Sarah Sloat discusses how the collapse of democracy in the U.S. is producing severe mental health problems for the people living through it. And…

    Business group serves B.C. Premier Eby a budget blast at breakfast meeting

    VICTORIA — British Columbia Premier David Eby has been served up a heap of criticism about his government’s budget while attending a breakfast meeting of business leaders. Bridgitte Anderson, president…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Mel B Walks the Natasha Zinko Show in Furry Dog Shoes in London

    Mel B Walks the Natasha Zinko Show in Furry Dog Shoes in London

    Helios Fairfax Partners Corporation Closes Amendment to Credit Facility

    Investigators in Nancy Guthrie case turn to genetic genealogy for DNA leads, a tactic that’s cracked big cases before

    Investigators in Nancy Guthrie case turn to genetic genealogy for DNA leads, a tactic that’s cracked big cases before

    The Galaxy S26 and other devices that might launch on February 25

    The Galaxy S26 and other devices that might launch on February 25

    Microsoft insider Clippy spills details on big Xbox shakeup

    Microsoft insider Clippy spills details on big Xbox shakeup

    N.W.T. teen arrested, guns seized from home after threat involving school event

    N.W.T. teen arrested, guns seized from home after threat involving school event