That’s the deficit in Manitoba’s 2016 budget, which overall is 13-point 5 billion dollars.
Finance Minister Cameron Friesen says with that in mind it will take about 8 years to balance.
Highlights include no taxes or tax increases, promises to cut ambulance fees as well as cutting a public subsidy for political parties.
Personal income taxes will be indexed to inflation beginning next year, but there was no mention of increasing the minimum wage.
And high-income senior homeowners, earning more than 63-thousand won’t have the education property tax rebate, but there’s a break for middle-income seniors.