The provincial government is predicting a deficit of $2 billion at its mid-year report, however the debt has shrunk by more than $381.5 million from original projections. The province’s revenue is projected just over $14 billion or a 3.7 per cent rise, a $503-million rise from budget, while there is a $41 million decrease in […]
Deputy Premier and Finance Minister Donna Harpauer has announced a new phase to the Saskatchewan Temporary Wage Supplement Program. It will target workers in long-term care facilities, personal care homes, integrated healthcare facilities and home care workers providing care to seniors in their own homes. Eligible workers will receive $400 a month for two months […]
Premier Scott Moe has announced a number of changes to the provincial cabinet with the big one being making Donna Harpauer Deputy Premier. Harpauer has served in every cabinet since the election of the current government in 2007 and will be the first woman to hold the role in Saskatchewan in more than 30 years. […]
The province still has a strong credit rating. Moody’s Investors Service has maintained the province’s “AAA’ credit rating despite the chaos that has been caused by the COVID-19 pandemic. It is news that pleases Finance Minister Donna Harpauer. This is good for two reasons.” Harpauer explains. “One is it allows us to borrow at a […]
The provincial government says COVID-19 is to blame for a 319 million dollar deficit in the final results for the 2019-20 fiscal year. Finance minister Donna Harpauer says in a news release that Saskatchewan was on track for a balanced budget this year, but instead will need to deal with a $4.2 billion deficit. The […]
S&P Global Ratings is affirming the province’s “AA” credit rating and stable outlook in a report. The report says the province’s stable outlook reflects our expectation that deterioration in Saskatchewan’s budgetary performance as a result of the pandemic will be temporary, with the province recording steady improvement in fiscal results over the next two years.” […]
Stressing that this is a “pandemic budget”, Saskatchewan Finance Minister Donna Harpauer is releasing a financial statement that shows the impact COVID-19 has had on the province’s bank book. The budget shows Saskatchewan thanks to a reduction in provincial revenues and additional costs related to the pandemic have resulted in a $2.4 billion deficit forecast. That […]
For the first time since mid-March, Saskatchewan’s MLA’s will be back in the legislative assembly on Monday but with a difference. Due to COVID-19, the look of the assembly will be different as the government will have 10 of its 46 members in the house with the NDP having 5 of its 13 over the […]
Workers helping Saskatchewan’s vulnerable citizens through the COVID-19 pandemic will have their salaries topped up by a cost-shared $400 per month temporary wage supplement. Recognizing the vital work they are doing, this supplement will apply to an estimated 35,000 lower income, essential workers at senior-care, group homes, childcare facilities, and emergency and transition shelters. “Workers […]
Saying it is a pandemic deficit and not a structural deficit, the province’s finance minister is revealing the cost of COVID19 to Saskatchewan’s chequebook. Donna Harpauer is providing a range of preliminary revenue impacts using three different scenarios related to the effects COVID19 has had on Saskatchewan. It shows the potential revenue decline in 2020-21 […]
