Saskatchewan expects $292M deficit due to fires, oil price

tay

Hall of Fame Member
May 20, 2012
11,548
0
36
After projecting a surplus in the spring budget, the Saskatchewan government now says it's expecting a $292-million deficit.

"While it's concerning, obviously, it is manageable," Finance Minister Kevin Doherty said Monday.

"We've seen this in years past where the volatility in our revenue sector and what have you has demanded that government take action on the expenditure side. And that's exactly what we intend to do before the end of this fiscal year."

According to the government's first-quarter financial update, a drop in oil revenue plus an increase in spending to fight forest fires is responsible for much of the red ink.

When the budget was released in March, the province had projected a $107-million surplus.

However, since then the price of crude oil has dropped and unprecedented forest fires have raged across northern areas.

The province estimates it will spend about $100 million more than originally budgeted on wildfires. Other expenses that are higher than expected include flood costs and additional expenditures for family services and people with disabilities.


Saskatchewan expects $292M deficit due to fires, oil price collapse - Saskatchewan - CBC News
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,336
113
Vancouver Island
Ontario doesn't hate the rest of Canada, they just think we are here to cater to their desires and send money.Always been that way. Back in the 1930s there was a political cartoon that showed Canada as a cow. Fed on the west, milked dry by Ontario and QUebec and sh!ts on the east coast.
Maybe someone with a bit of time can find it since it is still applicable.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
55,435
7,003
113
Washington DC
Some of our Ontario lefties sure talk about the prairie provinces the way Cambridge lefties talk about Texas. And if that ain't hate, I don't know what is.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
Some of our Ontario lefties sure talk about the prairie provinces the way Cambridge lefties talk about Texas. And if that ain't hate, I don't know what is.

You mistake normal parental dissapointments with hate. These younger western provinces have not matured into responsible adulthood. They are permanently resideing in our national basements and show little interest in anything other than sucking oil out of sand and rodeos.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
55,435
7,003
113
Washington DC
They're a bit rough-and-tumble out there in the big flat provinces, but hey, somebody has to support the aromatherapist-and-consultant economy of Toronto.
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,778
454
83
Well, I guess that's me. I'm outside Ontario, and the rhetoric of some of our Ontario posters sounds an awful lot like hate to me.

It's primarily the 'have' provinces ever since Ontario became a 'have not'. The reason for that is that most of those from Alberta and Saskatchewan are staunchly right wing and the idea of equalization is socialist devilry to them.

They are just being greedy though as this only became a problem once they had to start helping out as opposed to the 30 or so years where Ontario was the one helping them (and none of us every complained).

In fact, I would be proud if we could lend a helping hand again.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
It's primarily the 'have' provinces ever since Ontario became a 'have not'. The reason for that is that most of those from Alberta and Saskatchewan are staunchly right wing and the idea of equalization is socialist devilry to them.

They are just being greedy though as this only became a problem once they had to start helping out as opposed to the 30 or so years where Ontario was the one helping them (and none of us every complained).

In fact, I would be proud if we could lend a helping hand again.

We would be better served if we sold the whole lot of it to China. They are looking for empty space.
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,778
454
83
Where's petros today? Lol