NDP Deficit Out of Control - Progressive Conservative Party of Manitoba

Debt load could lead to credit downgrade: Friesen

The NDP government’s third quarterly financial report revealed that the steady increase in the deficit continues despite $150 million in unexpected revenue.

“The core deficit is now expected to be $97 million more than the NDP projected in their budget,” said Opposition Leader Brian Pallister.  “This means that the deficit is 30 percent bigger than it was supposed to be.”  

Last year Moody’s, an international bond rating agency warned about a possible credit downgrade if the NDP government can’t balance its books. 

“Moody’s was justified in their negative view of the likelihood that this government will keep its promises,” said PC Finance Critic Cameron Friesen.  “Today’s financial report is just another reminder that the NDP either can’t or won’t stick to their own budget.” 

The NDP cannot be trusted to balance the books.