The province is adjusting it’s projected budget deficit for 2021-2022.
Finance Minister Peter Bethlenfalvy said Monday that it’s now $13.1 billion, which is an $8.4 billion difference from the deficit forecasted in the Economic Statement released in November 2021.
Bethenfalvy noted that most of the $2.7 billion in COVID-19 relief funding outlined in the November update has been invested with $500 million remaining for the rest of 21-22.
The full budget is expected to be tabled by March 31st ahead of the next provincial election in June.
