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$2.6 billion: The deficit
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That’s a record shortfall for Saskatchewan and nearly $1 billion more than the estimate from the Saskatchewan Party platform in the October 2020 election. In the party’s platform, which included a promise to balance the budget by 2024, the estimated deficit for 2021-22 was $1.7 billion. The government had admitted it would not hit the target in its platform. The projected deficit tops the $2.4 billion in the 2020-21 budget.
Five years: Estimate to balance budget
The worsening COVID-19 pandemic has forced the government to abandon its plan to balance the budget in four years. Now, it’s aiming for the 2026-27 budget for balance. After this year, deficits of $1.7 billion, $1.2 billion and $770 million are projected before the next provincial election. Total debt is expected to rise from a forecasted $23.6 billion this year to $36.4 billion i
By the numbers: Saskatchewan s 2021-22 budget
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Saskatchewan s 2021-22 budget: Winners and losers
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