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Provincial deficit coming in lower than expected

04.03.2019 16:26
By: Brad Gordon

Third quarter report show this year's deficit coming at 470 million dollars


Brandon, MB (CKLQ) - The Provincial budget deficit is now forecast to be $51 million lower than expected.
 
The Pallister government says it's tracking towards a final budget year shortfall of $470 million, down from $521 million projected in last year's budget.

The government says it's receiving higher than expected revenues from corporate income taxes, and is also spending less than expected on health, justice, education and other areas.

Health spending alone is running 3.5 per cent (or $240 million) below budget. However, the province says half of that amount is due to accounting changes at the regional health authorities.

The Pallister Conservatives were elected in 2016 on a promise to tackle a string of high deficits started by the former N.D.P. government, and to balance the budget by 2024.

The government's 2019-2020 budget will be delivered later this week.