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Saskatchewan Fiscal Snapshot: September 2018 The Conference Board of Canada, 12 pages, September 18, 2018 Briefing by Daniel Fields , Daniel Lam

Saskatchewan Fiscal Snapshot: September 2018

The Conference Board of Canada, 12 pages, September 18, 2018
Briefing by Daniel Fields , Daniel Lam

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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. Document Highlights 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.

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.

Document Highlights

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.

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