Finance Minister Cameron Friesen announced Wednesday that it has introduced proposed legislation that would repeal the Balanced Budget, Fiscal Management and Taxpayer Accountability Act.
“The existing legislation is unworkable and would require significant amendment. By repealing the current legislation, we would be able to replace it with measures that would work including restoring the rights of Manitobans to vote on major tax increases.” said Freisen.
The repealed legislation will be replaced in early 2017 in co-ordination with Budget that would provide Manitoba taxpayers with enforceable protection the minister said.
The proposed legislation would also amend the Financial Administration Act to remove all references to balanced budget legislation and related commitments made previously, the minister added.