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Saskatchewan government says budget on course to record $427M deficit at year's end
Saskatchewan faces a $427 million deficit due to wildfire fighting and health-care costs, with net debt rising to $39.8 billion, Finance Minister Jim Reiter said.
- On Nov. 25, 2025, Finance Minister Jim Reiter said the 2025-26 Mid-Year Report projects a $427 million deficit, a $79 million increase reversing a $12 million spring surplus.
- Rising costs included an extra $521 million in expenses and $295 million added for the Saskatchewan Public Safety Agency to combat wildfire costs, the province said.
- The province said the total revenue increase is $82 million, but this is offset by a $521 million rise in expenses, with net debt at $1.4 billion.
- The government pledged support for wildfire-affected residents and affordability relief through income tax reductions and federal carbon tax removal from SaskPower customer bills, the province said.
- Saskatchewan projects 1.7 per cent GDP growth in 2025, ranking third among provinces, and officials say CUSMA compliance and new markets support its strong economy, the province said.
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Surplus long gone: Sask. government says budget on course for $427M deficit at year's end
Finance Minister Jim Reiter, in a midterm update Tuesday, said the projected year-end deficit is expected to be $427 million, a major swing from the $12-million surplus predicted when the budget was introduced in the spring.
·Canada
Read Full ArticleSaskatchewan government says budget on course to record $427M deficit at year's end
REGINA — This year’s Saskatchewan budget is sinking deeper into the red, mainly due to the cost of fighting the summer’s wildfires. Finance Minister Jim Reiter, in a midterm update on the budget, says the projected year-end deficit is expected to be $427 million. It’s a major swing from when the budget was introduced in […]
·Toronto, Canada
Read Full ArticleCoverage Details
Total News Sources9
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 16%
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