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Manitoba’s deficit forecast approaching $2B | FULL news conference [Video]

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Manitoba News

Manitoba’s deficit forecast approaching $2B | FULL news conference

For more on the story:
https://www.cbc.ca/news/canada/manitoba/manitoba-deficit-forecast-nearly-two-billion-1.7152320

Manitoba’s deficit forecast is now just shy of a staggering $2 billion — far and away the highest shortfall in Manitoba’s history, outside the COVID-19 pandemic.

The third quarter report, released by Finance Minister Adrien Sala, largely attributes the worsening deficit estimate to overspending on health care by the former Progressive Conservative government, and the settlement of outstanding lawsuits.

The minister announced audits into most of the province’s regional health authorities to get a handle on spending.

“We know that the previous government hid the true picture of Manitoba’s books, and our administration is dealing with those inherited challenges,” Sala told a news conference Friday.

The finance minister took numerous shots at the previous Progressive Conservative government for allegedly failing to account for decreasing revenues and spending beyond its means, but wouldn’t answer how the NDP government would chart its now increasingly challenged course to a balanced budget within four years.

The NDP has previously committed to increase spending on social services, while saving Manitobans’ money at the same time.

“Finding that path is hard work, but I think our government is well positioned to do that,” Sala said, explaining further details will be embedded in a provincial budget, to be released on April 2, that Manitobans will be happy with.

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