look at the impact on our kids. We look at how we want to build a province that our children want to live in, Nike Air Max 90 Womens Size 4 that our parents want to grow old in. is not alone. Other provinces such as Ontario have had their outlook downgraded this year by Moody Still, the decision is bound to provide political ammunition for the Opposition.
She also said the province could have balanced the budget sooner through deep spending cuts, but felt there is more to government than spending cuts and a balance sheet.
Howard said she remains committed to balancing the budget by 2016 without major tax increases, but added the province will not fixate on that target if it means turning its back on victims of floods or other disasters.
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credit outlook goes from stable to negative
The NDP government started running deficits in 2009 and said during the 2011 election campaign that it would balance the budget by 2014 without major tax increases.
debt burden is expected to reach about 150 per cent of revenues Air Max 90 Ultra Womens
in 2016 17 versus 101 per cent recorded in 2008 09. This trend in debt metrics represents a risk to the province credit worthiness. Minister Jennifer Howard called the decision disappointing and said it will result in a small increase in the interest the province pays on its borrowings.
election, the government expanded the provincial sales tax to cover more items, including home insurance, and pushed back its target date for balancing its books. In 2013, the province raised the sales tax to eight per cent from seven.
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A major credit rating agency has downgraded its outlook for the Manitoba government finances and raised new doubts about the NDP promise to balance the books by 2016.
Moody Investor Services on Monday maintained the government credit rating at Aa1, but switched its outlook from stable to negative, due to a string of deficits that started in 2009.
pressure and prospects for modest (economic) growth will make it challenging for the province to achieve its target of a return to a modest surplus and stabilizing debt burden by 2016 17, Moody analyst Kathrin Heitmann wrote.
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