Of the provinces that collect PST, Saskatchewan's rate of 5% is the lowest.
Condensed Statement of Financial Position as at March 31, 2007 | | | | | | ($ 000s) | | | | | 2007 | | 2006 | | Financial Assets | | | $ | 6,108,436 | $ | 6,745,322 | | Liabilities | | | | 1,752,099 | | 2,553,060 | | Debt | | | | 10,802,006 | | 10,828,208 | | Total Liabilities | | | | 12,554,105 | | 13,381,268 | | Net Debt | | | | (6,445,669) | | (6,635,946) | | Non-financial Assets | | | | 2,444,443 | | 2,313,145 | | Accumulated Deficit | | | $ | (4,001,226) | $ | (4,322,801) |
Condensed Statement of Operations for the Year Ended March 31, 2007 | | | | | | ($ 000s) | | | Budget | | Actual | | Actual | | | 2007 | | 2007 | | 2006 | | Revenue | $ | 7,727,200 | $ | 8,643,046 | $ | 8,217,552 | | Operating Expense | | (7,149,292) | | (7,706,949) | | (7,133,420) | | Servicing Government Debt | | (551,000) | | (538,303) | | (544,666) | | Pre-transfer Surplus | | 26,908 | | | | 539,466 | Transfer (to) from the Fiscal
Stabilization Fund | | 75,000 | | - | | (139,000) | Transfer to the Saskatchewan
Infrastructure Fund | | - | | (105,090) | | - | | Surplus for the Year | $ | 101,908 | $ | 292,704 | $ | 400,466 |
The complete financial statements for the General Revenue Fund are contained in Volume 1 of the Public Accounts, available in pdf format.
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