Manitoba says deficit won't be as bad as expected, but Pallister won't promise PST cut for 2021 - News Summed Up

Manitoba says deficit won't be as bad as expected, but Pallister won't promise PST cut for 2021


Manitoba's projected year-end deficit arising from the pandemic response isn't as bad as originally feared, the provincial government says. He originally wanted to drop the PST to six per cent as of Wednesday, but those plans were pushed to 2021 when the pandemic emptied the province's pocketbook. I think that there's just too many plus-minuses right now with respect to COVID to do that," Pallister said. It is expected the province's economy will shrink by five per cent this year, with revenues slipping $1.5 billion this year and more than $1 billion the next year. The province's additional expenses from the COVID-19 pandemic are forecast at $1.2 billion this year.


Source: CBC News June 30, 2020 18:12 UTC



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