Manitoba forecasts C$518 mln deficit in 2013/14

Tue Apr 16, 2013 3:59pm EDT
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WINNIPEG, Manitoba, April 16 (Reuters) - The Western Canadian province of Manitoba forecast on Tuesday a C$518 million ($506.03 million) deficit for its 2013-14 budget, its fifth straight annual deficit.

Manitoba, a flood-prone province whose economy depends in part on farming and mining, projected spending at C$14.8 billion, up 3 percent from 2012-13.