The Manitoba Government has released the second quarter financial report for the 2017-2018 fiscal year.
Finance Minister Cameron Friesen announced Manitoba’s deficit is forecast at $827 million dollars, an improvement from the projected $840 million in 2017.
He stated that revenue from the provincial income taxes are lower than expected as a result of taxpayers advancing income to minimize the impact of federal income tax changes made to the top marginal rate in 2016.
Friesen says that the 2017-2018 fiscal budget is projected to be on or under the budget in 12 different departments.
Cameron also added the forecast of $981 million dollars for debt servicing is continuing to be a concern as it will impact the province’s ability to invest in the services Manitobans depend and rely on.
The second quarter report for the 2017-18 fiscal year can be viewed at: