Saskatchewan forecasts deficit of $354M in first quarter report, up from budget
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Winnipeg Free Press access to your Brandon Sun subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $0.00 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 29/08/2024 (392 days ago), so information in it may no longer be current.
REGINA – The Saskatchewan government is forecasting a bigger deficit this year than it previously predicted.
The province’s first-quarter financial report is projecting a deficit of $354 million this year, up from the $273 million it forecast in its spring budget.
It says it’s a result of increased expenses across departments, including compensation costs under a new collective agreement with provincial employees.
It also says it received more revenues from fees, along with additional income from investments.
Finance Minister Donna Harpauer says Saskatchewan’s fiscal picture is strong and that the government plans to manage spending while investing in services.
She says Saskatchewan’s real GDP grew by 1.6 per cent last year, the second-highest in the country.
This report by The Canadian Press was first published Aug. 29, 2024.