Province of Manitoba Budget 2022 — Steady As It Goes

The Province of Manitoba (Manitoba or the Province; rated A (high) with a Stable trend by DBRS Morningstar) released its 2022 budget on April 12, 2022. The Province forecasts steadily declining deficits and downward trending net debt-to-GDP resulting from a swifter economic recovery and spending restraint. With one of the most resilient and diversified provincial economies and a government focused on fiscal sustainability even prior to the pandemic, this is to be expected.