Saskatchewan budget projects $2.6 billion deficit this year, no balance until 2026-27
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The Saskatchewan Provincial Budget was dropped Tuesday, with an anticipated $2.6 Billion deficit along with it.
In the province’s budget address, it was announced that the Government, on this plan, would see a balanced budget in 2026-27, with the deficit being lowered in increments through that time. The increments include deficits of $1.7 billion in 2022-23, $1.2 billion in 2023-24, and $770 million in 2024-25. A return to balance is expected in 2026-27.
In total, revenue would be up to $14.5 Billion, up 6.1 per cent from the original budget. However, the expense is up 6.3 per cent to $17.1 billion from the 2020-21 budget.