Provincial financial update shows deficit down, expenses up
The deficit is down but expenses are up in the mid-year financial report released Thursday by the province.
The Saskatchewan Government said the predicted deficit is $348.3 million, which is $17 million lower than what was initially projected at budget time last spring.
The province credits the improvement in the financial picture to higher than expected resource revenue and an increase in net income from government enterprises.
“This budget is very on track because we had seven relatively strong months where our revenues were higher than what we budgeted for,” said Harpauer.