Saskatchewan forecasts deficit of $354M in first quarter report, up from budget
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.
- Get the CTV News app for Saskatchewan breaking news alerts and top stories
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.
CTVNews.ca Top Stories
Son charged with 1st-degree murder after father's death on B.C.'s Sunshine Coast
A 26-year-old man has been charged with first-degree murder in connection to the death of his father on the Sunshine Coast last year.
Loblaw using body-worn cameras at 2 Calgary stores as part of pilot project
Loblaw is launching a pilot program that will see employees at two Calgary locations don body-worn cameras in an effort to increase safety.
China is raising its retirement age, now among the youngest in the world's major economies
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world's major economies, in an effort to address its shrinking population and aging work force.
Trudeau says Ukraine can strike deep into Russia with NATO arms, Putin hints at war
Prime Minister Justin Trudeau says Ukraine should be allowed to strike deep inside Russia, despite Moscow threatening that this would draw Canada and its allies into direct war.
Driver charged with killing NHL's Johnny Gaudreau and his brother had .087 blood-alcohol level
The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday.
Sisters finally see the Canadian 'aviation artifact' built by their father nearly 90 years ago
Two sisters have finally been reunited with a plane their father built 90 years ago, that is also considered an important part of Canadian aviation history.
What's behind the boom? The Manitoba community that nearly doubled in a decade
For decades, the Town of Ste. Anne was stagnant, but that all changed about 10 years ago. Now it is seeing one of the highest spikes of growth in the province.
Canadian warship seizes 1,400 kilos of cocaine off Central America
A Canadian warship has seized more than 1,400 kilograms of cocaine during an anti-drug-trafficking operation in Central America.
'I couldn't form the words': 23-year-old Ont. woman highlights need for rural health care after stroke
The experience of 23-year-old Muskoka, Ont., resident Robyn Penniall, who recently had a stroke, comes as concerns are being raised about the future of health care in her community.