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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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Sask Today broke the news in on Tuesday, November 25, 2025.
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