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Saskatchewan government says budget on course to record $427M deficit at year’s end
Saskatchewan faces a $427 million deficit due to wildfire fighting and health-care costs, with net debt rising to $39.8 billion, Finance Minister Jim Reiter said.
- 1- Saskatchewan’s budget deficit is projected to reach $427 million, driven largely by wildfire response costs and rising health-care expenses. 2- Finance Minister Jim Reiter provided the midterm update on Tuesday, marking a significant deterioration from earlier projections. 3- The budget has swung dramatically from a $12-million surplus in the spring to a $349-million deficit in August, before the latest increase.
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Surplus long gone: Sask. government says budget on course for $427M deficit at year's end
Finance Minister Jim Reiter, in a midterm update Tuesday, said the projected year-end deficit is expected to be $427 million, a major swing from the $12-million surplus predicted when the budget was introduced in the spring.
·Canada
Read Full ArticleSaskatchewan government says budget on course to record $427M deficit at year's end
REGINA — This year’s Saskatchewan budget is sinking deeper into the red, mainly due to the cost of fighting the summer’s wildfires. Finance Minister Jim Reiter, in a midterm update on the budget, says the projected year-end deficit is expected to be $427 million. It’s a major swing from when the budget was introduced in […]
·Toronto, Canada
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Total News Sources9
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 16%
Factuality
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