The Saskatchewan government's first-quarter financial report is forecasting a deficit of $354 million this year. Saskatchewan Minister of Finance Donna Harpauer presents the 2024-2025 Saskatchewan budget in Regina, on Wednesday, March 20, 2024. THE CANADIAN PRESS/Heywood Yu
The Saskatchewan government's first-quarter financial report is forecasting a deficit of $354 million this year. Saskatchewan Minister of Finance Donna Harpauer presents the 2024-2025 Saskatchewan budget in Regina, on Wednesday, March 20, 2024. THE CANADIAN PRESS/Heywood Yu
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 ºÃÉ«tvwas first published Aug. 29, 2024.
