The Government of Manitoba says they're maintaining their fiscal path, even with climate change and Trump's tariffs posing challenges.
The 2nd Quarter report from the Manitoba Government for 2025-26 shows climate change-driven wildfires and droughts, as well as the U.S. tariffs, have both had an impact on the province's bottom line, said Manitoba Finance Minister Adrien Sala, on Monday.
Excluding the net costs of wildfires and Manitoba Hydro’s variance, the deficit would be $803 Million, which is just slightly above Budget 2025’s $794 Million projection.
The 2025-26 second quarter fiscal update projects an $867 Million variance from the deficit forecast, relative to the 2025-26 Budget.
