Manitoba's $2.1 Billion Deficit

$2.1 Billion Deficit

WINNIPEG - Manitoba is reporting a $2.1 billion deficit for the 2020-21 fiscal year.

All but $200 million of that was due to COVID-19.

Revenues were way down, including a 33 per cent drop at Liquor and Lotteries.

At the same time, spending was higher, especially in the health sector because of the pandemic.

Finance minister Scott Fielding calls it a unique year and says things should bounce back next year and he hopes to be back in the black by 2028.

TOPICS:   Manitoba News

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