Brian Pallister Scott Fielding pandemic coronavirus in manitoba Coronavirus Brian Pallister Scott Fielding

Manitoba to withdraw $215M from rainy day fund to help pay for pandemic

Reading now: 861
globalnews.ca

Coronavirus: Manitoba asks for emergency federal credit fund, says PST won’t be reduced The move comes as little surprise as Premier Brian Pallister has said the fund, worth about $800 million, would need to be used.“Let’s talk about some things that need to be talked about,” he said near the beginning of the pandemic last year.“Our revenue is down.

Not a little — a lot. Way down.”At that time, the premier said the rainy day fund will likely be depleted within three months.However, the fund was left alone up until this point, with the province instead borrowing money to pay for the health care and economic costs of the COVID-19 pandemic.In September of 2019, the PCs put $407 million into the province’s rainy-day fund.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA