The government of Saskatchewan provided a budget update earlier this week saying they're on track to be under budget.

The mid-year update was given on Thursday by Scott Moe's government, and they're projecting a deficit of $348.3 million, $17 million less in the red than originally forecast back on budget day.

"While we're on course, we recognize there is still work to do," Saskatchewan's minister of finance, Donna Harpauer, said. "We will continue to manage carefully, invest in priorities for Saskatchewan people, shift from our reliance on volatile resource revenue and help keep our economy strong."

A higher-forecast revenue of $138.1 million has helped shrink the projected 2018/19 fiscal year deficit.

"Revenue is projected to be up due to higher projected resource revenue, higher net income from Government Business Enterprises, federal transfers and other own-source revenue, partially offset by lower taxation revenue," she said.

While the province is expected to bring in a big chunk of money more this year, the update also shows they will spend $121.1 million more than anticipated, a large portion of that extra income.

"Nearly half of the increase is pension expense, reflecting changes in interest rates and actuarial assumptions," Harpauer said. "Increases at mid-year also reflect higher-than-budgeted expense for child and family services, health services, and forest-fire operations."

Harpauer also reiterated that the Sask Party government is on track to return the province to balance by 2019-20.

More Local News

Leader Healthcare Facility Repairs are on Track for Reoccupancy

The Leader and District Integrated Healthcare Facility is said to be on track to welcome residents back to the facility for the end of February. In a news release by the Saskatchewan Health…

SaskPower Commits to Renewable Energy

The provincial crown corporation has announced a new program that will contribute roughly 100 Megawatts of clean energy to the provincial grid. Late last week SaskPower unveiled the Power Generation…

Kindersley Local Returning Home After Joining Ottawa Bound Convoy

A local resident and business owner is making his way back west after joining the United We Roll convoy to Parliament Hill in Ottawa. Kyle Wollenhaupt attended the Ag & Oil Forum in Kindersley…

Animals Returned Back To Elrose Woman

After having over 100 animals seized from her home in January 2019, Dolores LaPlante will be allowed to have two dogs and one cat returned back to her after her recent court hearing. LaPlante…

Whooping Cough Vaccination Rate Falls Below Recommended Range

The number of Saskatchewan children being vaccinated for whooping cough has fallen below the recommended coverage rates, while the percentage of measles vaccinations sit at the bottom of the…

Environment Canada Launches New Weather App

In an effort to provide more accurate details about the forecast to those across the country, Environment Canada has released a new app. Titled 'Weather CAN', the Environment Canada hopes to cut out…

Elrose Large Animal Clinic Now Open

Elrose is now home to a new large animal clinic. The project started early last summer and was just completed this month. Prior to the clinic being built, Veterinarian Charlotte Williams, would…

Kerrobert Upgrades Community Transportation

Through a collaboration of community support, the Town of Kerrobert has a new handi-bus to ensure continued service for years to come. The bus that was on display during the Kinsmen Pancake Supper…

Cold Weather Challenges for Cattle Producers

With temperatures expected to stay below average, coupled with the extreme lows experienced in the recent past, poor spring runoff may not be the only issue cattle producers are faced with. Colder…

Outlook's 10th Annual TeleMiracle Fundraiser

Over the weekend close to 600 people showed up in support of Outlooks 10th annual TeleMiracle Hockey fundraiser. This is the largest crowd the group has seen since the fundraiser began back in 2009.… is West Central Saskatchewan's only source for community news, weather, and information.

Search the Biz Guide