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Manitoba amid growing debt and debt projections
The province faces a mounting deficit of 422 million this year and more than 30 billion in existing debt. Projections show debt rising by about 1.36 billion by 2019, with up to 1 348 dollars more per Manitoban and annual interest costs around 44 million. The government plans to draw 45 million from the rainy day fund and rely on nearly 300 million from in year adjustments. Critics decry the no problem rhetoric as misleading while warning of higher costs and slower growth.
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Manitoba