March 12, 2018 / 8:09 PM / 7 months ago

Canadian province Manitoba forecasts C$521 mln deficit in 2018-19

WINNIPEG, Manitoba, March 12 (Reuters) - The western Canadian province of Manitoba on Monday forecast a C$521 million ($406 million) deficit for its 2018-19 budget, as Brian Pallister’s Progressive Conservatives work toward a long-term goal of balancing the books.

Manitoba proposed to raise the small business income tax threshold to C$500,000 from C$450,000 in its budget. Manitoba’s economy depends on farming, manufacturing and mining.

$1 = 1.2836 Canadian dollars Reporting by Rod Nickel; Editing by Denny Thomas and Sandra Maler

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