Sask. gov't implements hiring freeze as deficit grows
A hiring freeze has been implemented as the Saskatchewan government tries to deal with a mounting deficit.
The mid-year budget update released by Finance Minister Kevin Doherty on Tuesday shows a $400-million drop in revenue has pushed the deficit to $1 billion. The deficit figure includes a $236 million Workers' Compensation Board earnings distribution to employers.
The mid-year forecast shows revenue from corporate and personal income tax is down $81 million and $172 million, respectively. Revenue from provincial sales tax has declined by $128 million, while the fuel tax pumped $20 million less into provincial coffers compared to budget estimates.
Overall spending is forecast to increase by $285 million. The government says higher crop insurance claims and cost pressures in health and social services will be offset somewhat by restraint measures.
http://regina.ctvnews.ca/mobile/sask-gov-t-implements-hiring-freeze-as-deficit-grows-1.3171576
A hiring freeze has been implemented as the Saskatchewan government tries to deal with a mounting deficit.
The mid-year budget update released by Finance Minister Kevin Doherty on Tuesday shows a $400-million drop in revenue has pushed the deficit to $1 billion. The deficit figure includes a $236 million Workers' Compensation Board earnings distribution to employers.
The mid-year forecast shows revenue from corporate and personal income tax is down $81 million and $172 million, respectively. Revenue from provincial sales tax has declined by $128 million, while the fuel tax pumped $20 million less into provincial coffers compared to budget estimates.
Overall spending is forecast to increase by $285 million. The government says higher crop insurance claims and cost pressures in health and social services will be offset somewhat by restraint measures.
http://regina.ctvnews.ca/mobile/sask-gov-t-implements-hiring-freeze-as-deficit-grows-1.3171576
