Sask. budget projects $819M deficit, no return to surplus until 2030
Saskatchewan has tabled a budget projecting an $819.4-million deficit for 2026–27 and a revised $1.21-billion deficit for the previous year, with a return to surplus not expected until 2030–31. The government says it will avoid layoffs while reducing about 600 public-sector positions through attrition and maintaining its promise of no tax increases or major service cuts. Finance Minister Jim Reiter outlined plans for $17.5 billion in capital spending and increased investments in health care, social services and education, despite rising expenses and debt-servicing costs. The province forecasts $21.4 billion in revenue against $22.2 billion in expenses, with external factors like global conflict and oil price volatility contributing to financial uncertainty. Opposition Leader Carla Beck criticized the budget, arguing it fails to provide cost-of-living relief and increases the province’s debt burden, while also pointing to rising fees and utility costs. Analysts warn Saskatchewan’s growing reliance on resource revenues and increasing debt costs could pose long-term fiscal challenges.