Budget 2008-09 allocated $250 million to debt reduction.
Condensed Statement of Financial Position as at March 31, 2008| | | | | | | ($000s) | | | | | | 2008 | | 2007 | | Financial Assets | | | $ | 6,381,201 | $ | 6,108,436 | | Liabilities | | | | 2,112,266 | | 1,752,099 | | Debt | | | | 10,218,651 | | 10,802,006 | | Total Liabilities | | | | 12,330,917 | | 12,554,105 | | Net Debt | | | | (5,949,716) | | (6,445,669) | | Non-financial Assets | | | | 2,589,925 | | 2,444,443 | | Accumulated Deficit | | | $ | (3,359,791) | $ | (4,001,226) |
Condensed Statement of Operations for the Year Ended March 31, 2008| | | | | | | (000s) | | | | Budget | | Actual | | Actual | | | | 2008 | | 2008 | | 2007 | | Revenue | $ | 7,869,300 | $ | 9,847,145 | $ | 8,643,046 | | Operating Expense | | (7,789,730) | | (8,036,091) | | (7,706,949) | | Servicing Government Debt | | (560,000) | | (528,185) | | (538,303) | | Pre-transfer Surplus (Deficit) | | (480,430) | | 1,282,869 | | 397,794 | Transfer (to) from the Fiscal
Stabilization Fund | | 509,872 | | (641,434) | | - | Transfer to the
Saskatchewan
Infrastructure Fund | | 45,558 | | ________- | | (105,090) | | Surplus for the Year | $ | 75,000 | $ | 641,435 | $ | 292,704 |
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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