Saskatchewan Fiscal Snapshot: September 2018
This “fiscal snapshot” looks at the state of Saskatchewan's economy and its government’s fiscal challenges, and provides a short- and medium-term outlook for the province.
- The government remains committed to restraining spending, with total expenditures expected to be below the rate of inflation for the forecast period.
- The government’s spending targets will be challenging to achieve. However, if they succeed, the province should meet its balance target with a small surplus in 2019–20.
- Weaker-than-expected oil revenues could delay the elimination of the deficit. Alternatively, pent up demand stemming from the spending restraint could lead to challenges meeting expenditure targets.
- Regardless of which year the budget balances, the province is on a more sustainable fiscal path going forward.