Size of deficit concerns chamber as it prepares to welcome minister
The executive director of the Battlefords Chamber of Commerce expected it, and it came to pass: A larger deficit in the provincial budget than previously forecasted.
Linda Machniak said the local business community will want Finance Minister Kevin Doherty to have a plan to get the books back into the black. That’s one of the subjects that may come up Wednesday, June 8 when Doherty speaks at a breakfast event organized by the chamber.
Earlier this week, the province revealed its budget, which included a $434 million deficit, but Machniak said she is encouraged by forecasts she believes are realistic.
“I’m happy to see that they were far more conservative in their revenue projections for next year,” she said, calling it a positive sign. She said chamber members would also be satisfied that taxes were not increased, even though a drop in the corporate tax rate has been postponed once again.