Manitoba Economy and Fiscal Update 2023

Q1 2023/24 Forecast Update Manitoba Fiscal position unchanged in the First Quarter of 2023/24 First quarter deficit forecast on budget at $363-million • No change in summary net debt 2023/24 First Quarter Fiscal Update Forecast Budget Change (Millions of Dollars) Revenue 21,534 21,514 Expense 21,897 21,877 Net Income (Loss) (363) (363) Summary Net Debt 31,057 31,057 Net Debt to GDP 34.6% 34.6% 20 20 20 I 23

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