By CJME News Staff

Sask. budget ‘on track:’ province

Aug 25, 2017 | 11:32 AM

Saskatchewan’s budget is still on track, according to the provincial government’s first-quarter update.

The province’s finance minister said there is no change in the bottom-line forecast.

“The Saskatchewan economy is performing well so far, and for the first time in two years is projected to post positive growth,” Finance Minister Kevin Doherty said in a news release. “We have more to accomplish, but at first quarter we are meeting our fiscal challenge by controlling spending and shifting away from over-reliance on volatile resource revenue.”

The deficit is forecast at $684.6 million, which remains unchanged from the budget in March. The government expects revenue to increase $42 million from the budget with total expense forecast to increase by roughly $82 million.

The province said it’s used about $40 million from the budget’s $300 million contingency to offset expense pressures. Another $125 million of the contingency has been used to offset compensation savings the province said can’t be achieved this year due to negotiations.

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