Newspaper article The Canadian Press

Saskatchewan Fiscal Update: More Revenue, More Spending, Smaller Deficit

Newspaper article The Canadian Press

Saskatchewan Fiscal Update: More Revenue, More Spending, Smaller Deficit

Article excerpt

Saskatchewan 1Q update: More revenue, more expenses

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REGINA - The Saskatchewan government says higher oil and potash prices will mean more money for the province this year.

But Finance Minister Donna Harpauer says she's not sure that situation will last and that's why the government must balance its budget next year.

"I don't have confidence," she said Monday. "I have been ... involved with govenrment for a number of years now and I've seen really strong prices and I've seen them plummet overnight."

The provincial Finance Ministry released its first-quarter update showing a deficit of $306 million, nearly $60 million smaller than forecast in the April budget.

Revenue is predicted to be almost $170 million more than expected thanks largely in a boost to the forecasted price of oil. …

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