A decline in resource revenues worth half a billion dollars damages the competency of the Saskatchewan government\u0027s budget forecast.
That’s especially true since we heard from Finance Minister Donna Harpauer during the resource boom thatdespite the windfall and that the province could not become too dependent on resources to fund its budget.
The mammoth decrease in resource revenue will be offset by a $405.2-million increase in other revenues, the largest portion of which is a $149.7-million jump in provincial sales tax revenue. After Saskatchewan led the nation last year with a whopping 5.7 per cent growth rate in economic output measured by gross domestic product, aggregate private sector forecasts are now suggesting a rate of less than two per cent this year and closer to one per cent next year.
Plus, Saskatchewan’s GDP has still not quite returned to the $82-billion level of 2019, prior to the pandemic, meaning we have more of a recovering economy than one soaring to new heights.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phil Tank: Atchison laughable as fiscal hero coming to save SaskatoonSaskatoon\u0027s longest\u002Dserving mayor wants to portray himself as a champion of fiscal restraint despite a record that shows the opposite.
Read more »
Murrary Mandryk: Sask. United successfully pushes Moe further rightIt sure does seem as if Moe and the Sask. Party are now using Sask. United to test\u002Drun more radicalized ideas before implementing them.
Read more »
Sask. stabbing victims remembered: Families of the 10 dead share photos of loved onesGrieving families shared photos and some details of their loved ones who were killed in Sunday\u0027s stabbing rampage.
Read more »
Nokomis Craft Ales using anniversary to help protect Sask. grasslandsNokomis Craft Ales is celebrating 9 years with a celebratory wheat ale and a pledge to help protect vulnerable Saskatchewan prairies.
Read more »
RCMP plan to equip every Sask. detachment with a drone by April 2024Saskatchewan RCMP have had drones for more than a decade but are expanding their availability.
Read more »
Roman Polanski, Woody Allen and Luc Besson Cast Dark Cloud Over VeniceThe 2023 Venice Film Festival has featured fine films and also plenty of controversy, thanks to its trio of directors accused of sexual predation
Read more »