Saskatchewan posts a $1-billion surplus courtesy of a boom in resources revenues, but shows spending restraint amid ongoing uncertainty. skpoli
Harpauer has opted to use the windfall to pay down the debt, rather than address calls for significantly more funding in health care and education or to provide more relief from inflation than was afforded by sending out 825,000Harpauer chose debt reduction for its ongoing effect on the budget. The $1 billion in debt reduction translates to a $117-million drop in interest payments.
The surplus underlines the reality of Saskatchewan’s economy, which is still reliant on resource revenues, where the fortunes are determined globally, not locally. The budget is counting on $1.4 billion from potash, based on a price of US$369 per tonne, far lower than its current price. But the budget also expects $963.1 million from oil with a price of US$79.50 per barrel, above its current price.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phil Tank: Saskatoon city hall resurrects old solution for fake issueOn Wednesday, Saskatoon city council will consider restrictions at Clarence Avenue and Main Street that were rejected in 2003 and 2013. yxe
Read more »
Saskatchewan Jazz Festival announces 2023 lineup for ticketed showsThe 36th annual SaskTel Saskatchewan Jazz Festival runs Jun 30 to July 9 in Victoria Park, with all ticketed shows on the last four days.
Read more »
Saskatchewan parks set to open for 2023 camping reservationsYearning for a yurt camping experience this summer? Sask. Parks has you covered — more yurts have been placed in several provincial parks for the 2023 camping season. Find all the info you need in our link. Campsite Camping sask
Read more »
Letters: Saskatchewan should pay people $50 to get COVID-19 shotsReaders offer an opinion on incentives for COVID\u002D19 vaccinations and praise for a column by Murray Mandryk.
Read more »
Phil Nevin says Angels’ closer ‘depends what the game dictates’Though free-agent signee Carlos Estévez was expected to finish games, the Angels’ manager says he will remain flexible and ‘see how it goes’
Read more »
PolitiFact - Sorry, there’s no allowance card; that Dr. Phil ad is bogusA Facebook video with what may appear to be an ad for a 'free $3,500 allowance card' for seniors featuring Dr. Phil isn’t authentic.
Read more »