Province Of Manitoba 18-K/A Annual report (foreign governments) (amended)

Exhibit 99.1

Province of Manitoba

2012/13 Quarterly Financial Report

April to September 2012

CONTENTS

Introduction

Quarterly Financial Results

Economic Performance and Outlook

INTRODUCTION

Budget 2012 provided the financial overview of the Government Reporting Entity (GRE), which includes core government and Crown organizations, government business entities and public sector organizations such as regional health authorities, school divisions, universities and colleges. Manitoba’s summary budget aligns with the accounting standards set by the Public Sector Accounting Board (PSAB) and fully reflects Generally Accepted Accounting Principles (GAAP). A summary budget presents a more complete picture of how the provincial government and the other related entities operate as a whole and what the total cost is of providing services and programs to people in Manitoba.

The financial information in this quarterly financial report is presented in the same format as the budget. The second quarter financial report presents information on the GRE for the six months ending September 30, 2012, as well as an updated financial forecast for the current fiscal year. The report also contains an economic performance and outlook.

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

GOVERNMENT REPORTING ENTITY (GRE)

Budget 2012 focused on things that matter most to Manitobans while finding responsible ways to reduce unnecessary spending. To meet this commitment, Budget 2012 included a reduction of $128 million for an in-year Program Portfolio Management Review process to reduce expenditures while protecting key government programs and services. The year end projection contained in this report reflects savings of $115 million.

The summary forecast for fiscal year 2012/13 is a net loss of $567 million, a negative variance of $107 million from the budgeted net loss of $460 million.

At the end of the second quarter, projections from other reporting entities indicate expenditures will be under budget by $30 million while revenue is projected to be under budget by $19 million.

Core government revenue is projected to surpass the budget by $64 million, primarily resulting from higher projections for both corporate and individual income taxes.

Expenditures in core government are anticipated to be higher than budget primarily as a result of significant pressures in the areas of public safety services ($38 million), disability programs ($28 million) and child protection ($24 million). Hot, dry conditions in north-eastern and eastern Manitoba this year have also led to additional expenditures for forest fire suppression ($10 million).

Projection of Summary Net Income/(Loss)

For the Fiscal Year Ending March 31, 2013

UNAUDITED

	2012/13 Second Quarter Forecast						2012/13 Budget
(Millions of Dollars)	Core   Government		Consolidation Impacts and Other Reporting Entities		Summary		Core   Government		Consolidation Impacts and Other Reporting Entities		Summary		Summary   Variance
Revenue		11,223		2,674		13,897		11,159		2,693		13,852		45
Expenditure		11,849		2,699		14,548		11,696		2,729		14,425		123
In-Year Adjustment/Lapse		(24)		(60)		(84)		(33)		(80)		(113)		29
NET RESULT FOR THE YEAR		(602)		35		(567)		(504)		44		(460)		(107)
Transfer from Fiscal Stabilization Account		56		(56)		-		56		(56)		-		-
NET INCOME (LOSS)		(546)		(21)		(567)		(448)		(12)		(460)		(107)

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

QUARTERLY FINANCIAL RESULTS

The unaudited net result of the Government Reporting Entity for the first six months of the fiscal year is a net income of $306 million which is a positive variance of $65 million over the budgeted income of $241 million.

The six-month positive revenue variance of $33 million is primarily due to the net result of higher than anticipated corporate and individual taxes in core government offset by

the timing of fees and other revenue, and lower than estimated revenue results for the GBEs.

Expenditures are $32 million lower than budget primarily resulting from the timing of payments.

Government Reporting Entity Operating Statement

UNAUDITED

	Year-to-Date to September 30
	2012/13						2011/12
($000s)	Actual		Estimated		Variance		Actual
Revenue
Income Taxes		1,627,270		1,520,134		107,136		1,470,979
Other Taxes		1,920,371		1,967,938		(47,567)		1,865,078
Fees and Other Revenue		1,032,243		1,052,497		(20,254)		640,971
Federal Transfers		2,058,943		2,066,466		(7,523)		2,067,751
Net Income of Government Business Enterprises		276,075		295,728		(19,653)		251,738
Sinking Funds and Other Earnings		137,297		116,345		20,952		61,678
Total Revenue		7,052,199		7,019,108		33,091		6,358,195
Expenditure
Health and Healthy Living		2,780,474		2,750,459		30,015		2,419,938
Education		1,627,011		1,642,291		(15,280)		1,342,500
Family Services		515,687		532,216		(16,529)		480,587
Community, Economic and Resource Development		1,070,007		1,107,989		(37,982)		1,140,866
Justice and Other Expenditures		354,777		347,880		6,897		635,531
Debt Servicing Costs		398,581		397,541		1,040		237,220
Total Expenditure		6,746,537		6,778,376		(31,839)		6,256,642
NET INCOME (LOSS)		305,662		240,732		64,930		101,553

Core government revenue and expenditure details are provided in Appendix I and II on pages 9 and 10.

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

INFRASTRUCTURE AND CAPITAL ASSET RENEWAL

Expenditures for infrastructure and capital asset renewal in 2012/13 are forecast to be $1.5 billion to support continued economic growth, reduce the maintenance burden and provide for the services Manitobans need in the future. The projects are supported by $29 million in federal recoveries.

Based on principles of sound financial management, Manitoba has been able to increase the assets of the province while maintaining a manageable level of debt. Budget 2012 provides the resources to continue upgrading Manitoba’s roads and highways, wastewater treatment plants, health facilities across the province, building and restoring much needed social housing and modernizing our schools and post-secondary institutions.

As borrowings may be used to finance capital related projects, net debt may grow in absolute terms from time to time as needed investments in capital assets – like the Red River Floodway, highway infrastructure and economic stimulus investments – are made. It is therefore important to measure change in net debt against the growth of the economy. As a result of the decision to continue to invest in infrastructure projects, Budget 2012 projected an increase in the net debt to GDP ratio to 27.4%. For fiscal year 2012/13 summary net debt to GDP is currently forecast to be 27.1%.

Core government capital investment details are provided in Appendix III on page 11.

SPECIAL ACCOUNTS

Fiscal Stabilization

The budgeted draw for 2012/13 includes health-related programming of $8 million and $4 million for requirements related to ecoTrust funds.

There is a legislated requirement to dedicate at least $600 million of the funds set aside in this Account to retire a portion of the debt and interest expense associated with the core government operating shortfalls incurred during the economic recovery period. In 2012/13, $140 million is projected to be withdrawn for debt repayment, as well as $44 million for the interest expense associated with the core government operating shortfall.

Pension Assets

The trust conditions of the funds held in the Pension Asset Fund are irrevocably restricted for pension purposes only. As a result of this restriction, these funds are classified as pension assets and will be accounted for and reported in keeping with GAAP for senior governments.

The fund balance is projected to increase in 2012/13 for net investment earnings.

Net investment earnings include the expected rate of return during the year and adjustments to market related value. Under GAAP, market fluctuations of pension assets are not recorded in the year in which they occur, but are recognized over the employee average remaining service life (EARSL).

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

PROVINCIAL BORROWINGS,

GUARANTEES AND OBLIGATIONS

Manitoba’s borrowing requirement identified in Budget 2012 was $3.7 billion including refinancing of $2.0 billion and new cash requirements of $2.5 billion, offset by estimated repayments of $812 million.

New cash requirements are necessary for general government purposes, capital investments by departments, health facilities, post-secondary institutions and Manitoba Hydro. Estimated repayments are primarily for departmental capital investment and general purpose borrowings.

At the end of the second quarter, Manitoba’s borrowing requirement remains unchanged at $3.7 billion.

The total of outstanding borrowings, guarantees and obligations reflect the province’s gross borrowing obligations, but it does not take into consideration liquid assets available to pay down those obligations. The total of outstanding provincial borrowings fluctuates during the fiscal year as a result of the timing of borrowing activities of the province. The forecast for the year end is shown in the table on the following page.

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

Provincial Borrowings, Guarantees and Obligations

	2012/13 Forecast				March 31, 2012
Provincial Borrowings, Guarantees and Obligations1	$ millions		$ Per Capita*		$ millions		$ Per Capita*
General Government Programs		8,255		6,515		8,129		6,494
General Government Programs - Pension Liability		2,595		2,048		2,595		2,073
Manitoba Hydro		9,832		7,760		8,999		7,189
Other Crown Organizations		2,159		1,704		1,926		1,539
Health Facilities		1,228		969		1,094		874
Other		27		21		37		30
Capital Investments		3,681		2,905		3,195		2,553
Subtotal2		27,777		21,922		25,975		20,752
Other Obligations
Pension Liability		6,911				6,704
Pension Asset Fund		(5,101)				(5,070)
Net Pension Liability		1,810				1,634
Debt incurred for and repayable by the Manitoba Hydro Electric Board		(9,605)				(8,742)
Education and Health Debt held by Government Enterprises		535				505
Other Debt of Crown Organizations		266				266
Subtotal		(6,994)				(6,337)
Total Provincial Borrowings, Guarantees and Obligations		20,783				19,638
Adjustments to arrive at Summary Net Debt
Guarantees		(227)				(257)
Net Financial Assets		(4,422)				(4,870)
Summary Net Debt		16,134		12,734		14,511		11,593
Summary Net Debt as a percentage of GDP		27.1%				25.5%

Notes: Provincial Borrowings, Guarantees and Obligations

1. Provincial borrowings, guarantees and obligations are net of sinking funds.

2. Provincial Borrowings and Guarantees are payable in Canadian and U.S. dollars. As at September 30, 2012, total provincial borrowings and guarantees were payable 93% in Canadian dollars and 7% in U.S. dollars. Of this total, General Government Program borrowing and Other Crown organizations borrowings was 100% payable in Canadian dollars. Manitoba Hydro borrowings were payable 80% in Canadian dollars (78% at March 31, 2012) and 20% in U.S. dollars (22% at March 31, 2012).

* The per capita data is based upon population figures at July 1, as reported by Statistics Canada.

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

ECONOMIC PERFORMANCE AND OUTLOOK

Manitoba’s economic growth continues to progress at a stable pace as the economy continues to recover from the global recession. Over the last five years the economy has expanded on average by 1.9% annually, above the Canadian average rate of 1.2%.

In 2011, Manitoba’s real GDP increased by 2.2%, below the national increase of 2.6% and following 2.3% growth in 2010. Growth was held back by the impact from the flooding situation along the Assiniboine River, which extensively hampered agricultural production and economic activity in related industries.

Based on Manitoba Finance’s survey of independent economic forecasters, Manitoba’s real GDP is projected to increase by 2.3% in 2012 and 2.2% in 2013, above the projected national increase of 2.0% in both years but below the forecasts at the time of the 2012 Manitoba Budget.

To a large degree, the lower national and Manitoba economic forecasts reflect the weakening of the global economy. Sovereign debt issues in Europe, fiscal consolidation in some advanced economies, budget uncertainty in the U.S. and slower growth in China are key factors elevating the downside risks for the medium-term forecast.

A review of major economic indicators shows modest improvements in economic developments in Manitoba through 2012.

Crop production in Manitoba was hampered by poor weather related conditions over the past two years; however, a sharp rebound is expected in 2012. Statistics Canada estimates that the volume of Manitoba wheat and canola production increased 76% and 20%, respectively, relative to 2011. Barley harvest is estimated to have increased 137%.

Manitoba international hog exports reached 1.0 million head in July 2012, up 13% from the same period last year. Hog exports,

however, are still 42% below the peak of 1.7 million head reported in the first quarter of 2007.

Supported by demographic and economic fundamentals, Manitoba’s housing sector is among the strongest in Canada. In the first nine months of 2012, province-wide housing starts are up 32%, more than double the national increase. A 69% increase in construction of multiple units (apartments and semi-detached homes) is complemented by a 12% increase in single-detached family unit starts.

According to a Statistics Canada survey, capital investment is expected to increase by 4.7% in 2012 with private sector spending increasing by 8.3%. Due to the completion of infrastructure stimulus spending program, public investment is expected to fall by 3.1% in 2012.

A sharp jump in non-residential building permits has increased the value of total building permits in Manitoba by 29% in 2012 (year-to-date basis), the strongest among provinces and well above the national average of 12.1%.

Manitoba’s labour market performance remains steady. Employment increased by 0.8% in 2011 and is growing at the same pace in 2012 (year-to-date basis). All the gains in 2012 have occurred in the private sector where the number of jobs increased by 1.6%. Public sector employment decreased by 1.4%. The unemployment rate has averaged 5.4%, third lowest among provinces and below the national average of 7.3%.

In line with steady growth in the labour market, compensation of employees (labour income) is expanding at a similar pace to the national average. In the first three quarters of the year, incomes have increased by 4.2%, fourth among provinces and above the national increase of 4.1%.

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

Through the first three quarters of the year, Manitoba’s manufacturing sales are up 2.6%, following 6.2% increase in 2011. The principal increases are in aerospace parts, wood products, machinery equipment, and transportation equipment. Sales are decreasing in printing material, food products, chemicals, and plastic and rubber products. Manufacturing accounts for approximately two-thirds of Manitoba’s foreign exports.

Reflecting slower global growth, Manitoba’s exports sales have decreased by 3.4% during the first 10 months of 2012, compared to 14.1% increase in 2011. Exports to the U.S. have increased by 5.1%, while non-U.S. exports have decreased by 17%.

Manitoba’s retail sales growth softened in 2012 to 2.1%, following 4.3% and 5.7% increases in 2011 and 2010, respectively. National retail sales have also slowed to 3.2% after a 4.1% gain in 2011. New motor vehicle sales, on the other hand, remain solid in the province, increasing by 8.8% in 2012 following a 7.0% increase in 2011, both above the national increase.

Strong population growth continues to support the domestic demand in Manitoba. In 2012 (July 1st), Manitoba’s population stood at 1,267,003, a one-year increase of 15,313 persons, for an annual growth of 1.2%. This is the third consecutive year where Manitoba’s population grew ahead of the national rate. Immigration was up by 15,134 persons over a twelve-month period ending on July 1st 2012.

The Consumer Price Index has increased by 1.6% on a year-to-date basis in 2012, just slightly below the budget projection of 1.9%. For 2013, Manitoba Finance’s survey of economic forecasts indicates CPI inflation will average about 1.9% in Manitoba and in Canada.

For monthly updates and more details please see the Manitoba Economic Highlights and Statistics at:

http://www.gov.mb.ca/finance/pdf/highlights.pdf & http://www.gov.mb.ca/finance/pdf/statistics.pdf

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

2012/13 Core Government Revenue by Source	Appendix I
UNAUDITED

	Year-to-Date to September 30								Full Year
	2012/13						2011/12 Actual		2012/13						2011/12 Actual
($000s)	Actual		Estimated		Variance				Forecast		Budget		Variance
Income taxes
Individual Income Tax		1,320,444		1,318,740		1,704		1,269,025		2,832,100		2,796,300		35,800		2,682,506
Corporation Income Tax		306,826		201,394		105,432		201,954		442,400		405,500		36,900		423,598
Subtotal: Income Taxes		1,627,270		1,520,134		107,136		1,470,979		3,274,500		3,201,800		72,700		3,106,104
Other Taxes
Corporations Taxes		91,927		104,150		(12,223)		88,390		214,605		215,400		(795)		186,036
Fuel Taxes		152,140		150,744		1,396		124,288		296,500		296,500		-		240,352
Land Transfer Tax		43,958		40,639		3,319		38,235		72,858		66,200		6,658		67,314
Levy for Health and Education		199,381		197,348		2,033		188,280		410,000		410,000		-		396,199
Mining Tax		24,963		24,116		847		24,608		35,000		35,000		-		61,442
Retail Sales Tax		867,640		906,663		(39,023)		853,664		1,834,100		1,834,100		-		1,702,233
Tobacco Tax		134,645		136,291		(1,646)		128,598		256,400		256,400		-		248,591
Other Taxes		5,240		6,291		(1,051)		10,359		13,491		14,705		(1,214)		13,677
Subtotal: Other Taxes		1,519,894		1,566,242		(46,348)		1,456,422		3,132,954		3,128,305		4,649		2,915,844
Fees and Other Revenue
Fines and Costs and Other Legal		25,344		25,555		(211)		23,690		51,733		51,538		195		48,183
Minerals and Petroleum		11,662		14,290		(2,628)		19,365		26,280		28,820		(2,540)		41,099
Automobile and Motor Carrier Licences and Fees		67,953		71,748		(3,795)		71,217		147,026		147,026		-		137,052
Parks: Forestry and Other Conservation		17,802		11,568		6,234		13,032		35,434		33,088		2,346		29,795
Water Power Rentals		55,320		49,814		5,506		58,319		109,500		117,800		(8,300)		112,070
Service Fees and Other Miscellaneous Charges		46,463		46,366		97		41,431		215,806		218,624		(2,818)		121,822
Revenue Sharing from SOAs		13,465		13,091		374		12,715		26,555		26,180		375		25,430
Subtotal: Fees and Other Revenue		238,009		232,432		5,577		239,769		612,334		623,076		(10,742)		515,451
Federal Transfers
Equalization		1,036,629		1,036,629		-		1,108,768		1,871,961		1,872,000		(39)		1,941,727
Canada Health Transfer (CHT)		531,228		531,228		-		501,080		1,056,300		1,062,500		(6,200)		999,852
Canada Social Transfer (CST)		214,597		214,597		-		208,003		431,000		429,200		1,800		417,059
Health Funds		4,523		4,506		17		4,517		9,000		9,000		-		9,066
Infrastructure Renewal		-		-		-		-		28,867		28,800		67		27,484
Manitoba Floodway Expansion		-		-		-		1,439		10,000		10,000		-		9,918
Shared Cost and Other Transfers		71,471		71,981		(510)		126,577		189,259		187,745		1,514		647,899
Subtotal: Federal Transfers		1,858,448		1,858,941		(493)		1,950,384		3,596,387		3,599,245		(2,858)		4,053,005
Net Income of Government
Business Enterprises (GBEs)
Manitoba Liquor Control Commission		94,000		95,010		(1,010)		87,557		260,452		260,452		-		254,270
Manitoba Lotteries Corporation		168,000		168,000		-		168,000		346,000		346,000		-		342,876
Subtotal: Net Income of GBEs		262,000		263,010		(1,010)		255,557		606,452		606,452		-		597,146
Total Revenue		5,505,621		5,440,759		64,862		5,373,111		11,222,627		11,158,878		63,749		11,187,550

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

2012/13 Core Government Expenditure by Sector/Department	Appendix II
UNAUDITED

	Year-to-Date to September 30								Full Year
	2012/13						2011/12		2012/13							2011/12
($000s)	Actual		Estimated		Variance		Actual1		Forecast		Budget2		Variance			Actual1
Health and Healthy Living
Health		2,559,658		2,521,578		38,080		2,379,184		5,059,892		5,094,313		(34,421)			4,845,688
Healthy Living, Seniors and Consumer Affairs		29,858		31,467		(1,609)		29,405		58,502		59,931		(1,429)			55,733
Total Health and Healthy Living		2,589,516		2,553,045		36,471		2,408,589		5,118,394		5,154,244		(35,850)			4,901,421
Education
Advanced Education and Literacy		349,367		354,683		(5,316)		334,119		684,631		689,205		(4,574)			654,090
Education		837,026		844,692		(7,666)		862,760		1,626,605		1,632,689		(6,084)			1,607,470
Total Education		1,186,393		1,199,375		(12,982)		1,196,879		2,311,236		2,321,894		(10,658)			2,261,560
Family Services
Children and Youth Opportunities		27,339		25,021		2,318		24,545		44,825		45,589		(764)			41,000
Family Services and Labour		495,258		513,690		(18,432)		452,430		1,081,528		1,034,631		46,897			1,007,646
Total Family Services		522,597		538,711		(16,114)		476,975		1,126,353		1,080,220		46,133			1,048,646
Community, Economic and Resource Development
Aboriginal and Northern Affairs		18,771		19,175		(404)		18,322		35,089		35,536		(447)			38,167
Agriculture, Food and Rural Initiatives		38,916		46,624		(7,708)		74,903		226,593		227,066		(473)			394,264
Conservation and Water Stewardship		83,180		87,218		(4,038)		77,534		160,956		160,956		-			157,101
Entrepreneurship, Training and Trade		270,008		273,788		(3,780)		272,109		585,415		580,400		5,015			579,436
Housing and Community Development		46,704		47,321		(617)		41,851		79,194		80,559		(1,365)			83,651
Infrastructure and Transportation		304,650		302,807		1,843		248,588		634,505		653,762		(19,257)			603,475
Innovation, Energy and Mines		51,228		49,503		1,725		53,021		87,120		88,290		(1,170)			115,495
Local Government		175,772		195,142		(19,370)		169,188		363,418		363,923		(505)			317,954
Total Community, Economic and Resource Development		989,229		1,021,578		(32,349)		955,516		2,172,290		2,190,492		(18,202)			2,289,543
Justice and Other Expenditures
Legislative Assembly		17,283		18,161		(878)		25,041		40,631		40,181		450			52,274
Executive Council		2,177		2,275		(98)		2,552		3,786		3,827		(41)			4,319
Civil Service Commission		10,026		10,387		(361)		9,691		21,398		21,643		(245)			20,429
Culture, Heritage and Tourism		33,778		34,480		(702)		34,477		60,998		61,399		(401)			63,289
Employee Pensions and Other Costs		(2,259)		(3,014)		755		(2,566)		16,933		16,933		-			9,745
Finance		30,462		31,039		(577)		62,305		67,619		68,931		(1,312)			88,575
Immigration and Multiculturalism		15,962		17,614		(1,652)		13,449		46,967		42,852		4,115			41,408
Justice		179,075		179,906		(831)		160,353		502,735		467,702		35,033			457,017
Sport		5,942		5,956		(14)		5,761		11,970		11,970		-			11,956
Enabling Appropriations		1,945		3,074		(1,129)		2,662		8,551		11,043		(2,492)			3,337
Other Appropriations		23,433		7,851		15,582		300,675		81,283		72,175		9,108			607,681
Total Justice and Other Expenditures		317,824		307,729		10,095		614,400		862,871		818,656		44,215			1,360,030
Debt Servicing Costs		98,789		97,749		1,040		100,013		258,000		258,000		-			236,411
Program Portfolio Management Reviews		-		-		-		-		-		(128,000)		128,000	3		-
Total Expenditure		5,704,348		5,718,187		(13,839)		5,752,372		11,849,144		11,695,506		153,638			12,097,611
Subtract: Total Revenue Estimate (Appendix I)		5,505,621		5,440,759		64,862		5,373,111		11,222,627		11,158,878		63,749			11,187,550
In-Year Adjustment/Lapse		-		-		-		-		(24,375)		(32,500)		8,125			-
Net Result for the Year		(198,727)		(277,428)		78,701		(379,261)		(602,142)		(504,128)		(98,014)			(910,061)
Transfer from Fiscal Stabilization Account		-		-		-		-		56,065		56,065		-			45,401
NET INCOME (LOSS)		(198,727)		(277,428)		78,701		(379,261)		(546,077)		(448,063)		(98,014)			(864,660)

1.    For comparative purposes the 2011/12 Actual has been re-stated to reflect the 2012/13 appropriation structure.

2.    Budget figures are adjusted to include Enabling Appropriations.

3.    Reductions related to the Program Portfolio Management Review have been included in each department’s forecast amount.

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PROVINCE OF MANITOBA   APRIL TO SEPTEMBER 2012  

2012/13 Core Government Capital Investment	Appendix III
UNAUDITED

	Year-to-Date to September 30								Full Year		Full Year
			2012/13				2011/12		2012/13		2012/13				2011/12
($000s)	Actual		Estimated		Variance		Actual		Forecast		Budget1		Variance		Actual
General Assets
Government Services Capital Projects		42,151		50,014		(7,863)		52,400		96,417		128,346		(31,929)		100,248
Transportation Equipment and Aircraft		20,976		29,706		(8,730)		16,611		42,164		42,164		-		69,752
Information Technology Projects		815		3,104		(2,289)		3,281		31,796		32,068		(272)		14,742
Other Equipment and Buildings		8,858		9,728		(870)		716		36,616		42,887		(6,271)		12,198
		72,800		92,552		(19,752)		73,008		206,993		245,465		(38,472)		196,940
Infrastructure Assets
Provincial Roads, Highways and Airport Infrastructure		136,393		173,027		(36,634)		148,604		322,045		352,045		(30,000)		305,839
Manitoba Floodway Expansion		33,903		40,000		(6,097)		44,939		100,000		100,000		-		95,652
Water Related Infrastructure		2,652		9,053		(6,401)		38,228		19,652		27,800		(8,148)		55,111
Parks, Cottage and Camping Projects		5,632		5,600		32		5,577		24,880		25,600		(720)		14,431
		178,580		227,680		(49,100)		237,348		466,577		505,445		(38,868)		471,033
Total Capital Investment		251,380		320,232		(68,852)		310,356		673,570		750,910		(77,340)		667,973

1. Budget figures are adjusted to include Enabling Appropriations.

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