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Overall, expenditures from the 2015-2016 fiscal year were $148 million higher than what was estimated back in March by the former NDP government, and revenues were down $180 million.
The largest increase in spending came from healthcare, which rose by $66 million. The report says tax revenues fell by $33 million.
The figures explain why Manitoba's deficit was much higher than initially thought, which is now pegged at around $1 billion.
Premier Brian Pallister is set to unveil the new Progressive Conservative's budget on May 31, which will be his first since coming into power in April.