Highlights from Saskatchewan Budget 2018
The Saskatchewan Government said the province is on track to meet its three-year promise to return to a balanced budget, projecting a deficit of $365.3 million for 2018-19 and a modest $6 million surplus the following fiscal year.
Spending was forecast to drop by 1.4 per cent, or $200 million, in 2018. This comes largely due to a $404 million reduction in pension costs and attrition, a $340.6 million reduction in capital investment, and $70 million in savings across the public sector over two years. There were no layoffs included in the budget.
“We are still on track to balance,” Finance Minister Donna Harpauer said. “We are very, very optimistic that the economic indicators are showing growth.”