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Audited public accounts show Manitoba's deficit last year half of predicted $1.67 billion
5 minute read Updated: Yesterday at 7:27 PM CDTManitoba’s audited public accounts for the last fiscal year show the province is “moving in the right direction,” NDP Finance Minister Adrien Sala said Monday.
The provincial deficit for fiscal 2025-26 was $832 million, nearly half the $1.67-billion deficit forecast in December, and in line with the $794-million estimate in Budget 2026.
“I’m particularly proud of this final result, (given the potential) implications of tariffs on our economy, the worst wildfire season in 30 years — which resulted in significant emergency expenditures — and, of course, a significant drought,” Sala said at a news conference.
The province reported revenues of $25.1 billion and expenses of $25.9 billion, resulting in the $832-million deficit. Manitoba’s net debt is $36.5 billion and costs the province $2.3 billion a year in debt-servicing charges.
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The Consulate General of India in Vancouver said the Harv’s Air Flight Training students were Manoj Sivakumar and Srisaran Thirugnanasambantham.
“Our heartfelt sympathies are with their bereaved families and loved ones during this difficult time,” the consulate said a statement on social media.
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