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    Saturday, November 25, 2017

What's New

The 2017-18 Saskatchewan Budget remains on track at first quarter, with no change in the bottom-line forecast.

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Saskatchewan finished a challenging year with a $1.22 billion deficit in 2016-17, consistent with its third-quarter financial forecast.

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The province’s 2017-18 Budget released today controls spending, modernizes and expands the tax base, and invests in priority government programs, services and infrastructure projects for the benefit of all Saskatchewan people.

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More than $3.7 billion will be invested in Saskatchewan’s infrastructure in 2017-18, as part of the budget announced today by Finance Minister Kevin Doherty.

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All Saskatchewan income tax brackets and tax credit amounts will once again be indexed in 2017, saving taxpayers an estimated $9.0 million.  The level of indexation in 2017 will be 1.4 per cent, matching the national rate of inflation.

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A $400 million drop in provincial tax revenue has pushed the forecast deficit to $806 million, according to the 2016-17 Mid-Year Financial Report released today by Finance Minister Kevin Doherty.

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Spending on ministry travel was down $582,000 or 1.5 per cent in 2015-16, compared to the previous year, as part of the Saskatchewan government’s fiscally responsible approach to ongoing economic challenges. This reduction is part of the detailed financial information that was released today in Volume 2 of the 2015-16 Public Accounts.

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Saskatchewan finished 2015-16 with a $675 million deficit (excluding the pension adjustment), largely attributable to shortfalls in oil and potash revenue.

Finance Minister Kevin Doherty released the province’s year-end financial results today, with a clean audit opinion from the Provincial Auditor.

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Businesses directly impacted by recent flooding activity in Saskatchewan can apply for relief from penalty and interest charges for filing late PST returns.

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The Government of Saskatchewan is focused on balanced growth - meeting the challenges of a growing province within a balanced, sustainable budget that secures a better quality of life for all Saskatchewan people.


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