Manitoba predicts bigger surplus for current year

Thu Mar 19, 2009 1:29pm EDT
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SASKATOON, Saskatchewan (Reuters) - The Canadian province of Manitoba said it expects to post a C$316 million ($255 million) budget surplus for the current 2008-09 fiscal year.

The surplus is C$220 million more than budgeted due to higher income tax revenue and better results from government-owned corporations, the provincial government said on Wednesday

The neighboring Prairie province of Saskatchewan expects to run a C$2.3 billion surplus for the current year, ending March 31.

Manitoba Finance Minister Greg Selinger will present the province's 2009-10 budget on March 25.

($1=$1.24 Canadian)

(Reporting by Rod Nickel; Editing by Peter Galloway)