Saskatchewan government's fiscal update will reveal true size of provincial deficit Back to video. Saskatchewan's Growth Plan for the Next Decade of Growth 2020-2030 is a roadmap for growing a province of 1.4 million people and a strong economy with 100,000 more jobs. Our forecast deficit in the 2020-21 Budget is $2.4 billion. As a result, Saskatchewan's per capita case counts are nearly 80 per cent below the national average and our fatality rate is over 90 per cent below the national average. The 2020-21 deficit is not a structural deficit. The new deficit projection is … The home page for French-language content on this site can be found at: Where an official translation is not available, Google™ Translate can be used. We have the ability to invest in the priorities of Saskatchewan people. Article content. No personal income tax rate changes were announced. 2019/20 Second Quarterly Report (PDF) 2019/20 First Quarterly Report (PDF) 2018-2019. Quarterly forecasts of the economic prospects for each provincial economy including forecast detail tables and key provincial comparisons. A corporation can set its own fiscal year-end. The Saskatchewan government’s midyear financial update shows the province is still on track to finish in the black this fiscal year. Find how the Government of Saskatchewan governs and serves the province. These translations are identified by a yellow box in the right or left rail that resembles the link below. Any person or entities that rely on information obtained from the system does so at his or her own risk. The translation should not be considered exact, and may include incorrect or offensive language. Honourable Donna Harpauer Provincial Details. And we will rebuild and recover, together. Previous Budget documents and backgrounders. Saskatchewan Finance Minister Donna Harpauer takes questions from reporters before releasing the province's budget at Saskatchewan's Legislative Building in Regina on Monday, June 15, 2020. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs. The fiscal update tabled in Alberta’s legislature Thursday shows Alberta’s net debt is now expected to jump by 40 per cent, or $26.7 billion, to reach $66.9 billion by March 31, 2021. The province’s total taxpayer supported debt is growing to $99.6 billion at the same time. The Saskatchewan government will provide its first update on the size of a budget deficit it says is a casualty of the COVID-19 pandemic.. Saskatchewan is expecting a $2.1-billion deficit for the current fiscal year and plans to balance the budget by 2024-25, according to the first-quarter fiscal update released on Thursday. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. Regina – Saskatchewan’s fiscal state has improved since it released its budget in the earlier days of the COVID-19 pandemic. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Revenue is anticipated to drop by $11.5 billion — nearly one-quarter. For the fiscal year ending on March 31, the deficit was projected to rise to C$379.9 million ($285.6 million) from C$365.3 million forecast in November’s mid-year fiscal update. Economic and Fiscal Update 1995 (December 6, 1995) - PDF Version [305 KB] Report a problem or mistake on this page. The third-quarter report projects the 2017-2018 deficit will be $595 million — down … COVID-19: School plans, fiscal update to come next week . REGINA — The Saskatchewan government’s latest fiscal update shows a dip in the provincial deficit forecast and a slight slip in provincial revenue and expenses. Our net debt-to-GDP is among the lowest in the country. Now we are reopening our province, together. Last week the Western provinces of British Columbia (2nd quarter update), Alberta (2nd quarter update) and Saskatchewan (Mid-Year Report) publish their latest fiscal update for FY 2012-13. On Aug. 27, Donna Harpauer, the provincial finance minister, released the province’s first quarter fiscal update, and overall things aren’t looking as bad as they did on June 15, when the budget was released. Quarterly forecasts of the economic prospects for each provincial economy including forecast detail tables and key provincial comparisons. We faced the pandemic, together. Toews's update was a litany of gloom. And we will rebuild and recover, together. Saskatchewan’s projected deficit for 2020-21 is down $296 million since the provincial budget was revealed in June, according to a Government of Saskatchewan fiscal update. The third-quarter report projects the 2017-2018 deficit will be $595 million — down … 2018/19 Second Quarterly Report (PDF) ON Economic and Fiscal Update. We have reason for measured optimism. The Saskatchewan government will provide its first update on the size of a budget deficit it says is a casualty of the COVID-19 pandemic.. Help us improve, First Nations, Métis and Northern Citizens, Agriculture, Natural Resources and Industry, COVID-19 Information for Businesses and Workers, Environmental Protection and Sustainability, First Nations, Métis, and Northern Community Businesses, Housing Development, Construction and Property Management, Cabinet, Ministries, Agencies and Other Governments, Educational Institutions and Child Care Facility Administration, Health Care Administration and Provider Resources, Legislation, Maps and Authenticating Notarized Documents, Public Disclosure of Ministerial Travel and Expenses. REGINA — The Saskatchewan government’s latest fiscal update shows a dip in the provincial deficit forecast and a slight slip in provincial revenue and expenses. The government expects to record a slight $11.4 million surplus in its General Revenue Fund (GRF) this fiscal year, down $21 million from the budget estimate and $5 million from its Q1 call. REGINA — The Saskatchewan government’s latest fiscal update shows a dip in the provincial deficit forecast and a slight slip in provincial revenue and expenses. Saskatchewan's fiscal foundation remains solid. Saskatchewan's deficit projection is now $348.3 million, up from the first quarter fiscal update due to challenges in the oil sector. The Province entered this crisis in a strong financial position. Find services and information for doing business in Saskatchewan. SASKATOON - The Saskatchewan government's first budget update of the fiscal year shows the province is still on its way to balancing the books. Our economy is resilient and our people are strong. Learn more about COVID-19 in Saskatchewan: A number of pages on the Government of Saskatchewan's website have been professionally translated in French. We faced the pandemic, together. Saskatchewan’s fiscal state has improved since it released its budget in the earlier days of the COVID-19 pandemic. Government debt is expected to hit $100 billion by the end of the fiscal year next spring. Saskatchewan was on track for a surplus in 2019-20 and 2020-21 prior to the COVID-19 pandemic and oil price collapse. Toews’s update was a litany of gloom. Saskatchewan has the second-lowest unemployment rate in Canada. The home page for French-language content on this site can be found at: Where an official translation is not available, Google™ Translate can be used. Saskatchewan's 2020-21 provincial budget and supporting documents. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Saskatchewan Fiscal Update 2020. Saskatchewan's Growth Plan. Please select all that apply: A link, button or video is not working. ... Ontario: Bill 188, Economic and Fiscal Update Act, 2020 (March 25, 2020) Our Government will invest $3.1 billion into infrastructure in 2020-21. Saskatchewan - Protection for tenants: Starting March 26, the Office of Residential Tenancies will not accept eviction applications related to non-payment of rent or other non-urgent claims. Our expense in this Budget is projected to be $16.1 billion, up 7.2 per cent from last year's budget. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. REGINA — The Saskatchewan government will provide its first update on the size of a budget deficit it says is a casualty of the COVID-19 pandemic. Saskatchewan’s fiscal state has improved since it released its budget in the earlier days of the COVID-19 pandemic. An annual meeting must be held within four months after the fiscal year-end to present the financial statements and the auditor's report to the membership. Fall 2020 Economic & Fiscal Update (PDF 2.6MB) 2020/21 First Quarterly Report (PDF) 2020/21 Economic and Fiscal Update, July 14, 2020 (PDF) 2020/21 Economic and Fiscal Update, July 14, 2020 - Presentation (PDF) 2019-2020. Saskatchewan deficit balloons to $1B with falling resource, tax revenue. We are investing in the well-being and safety of Saskatchewan people, our Government's highest priority. Horizontal Well Geothermal Power Block Horizontal Well Geothermal Power Block SASKATOON, Saskatchewan, March 23, 2021 (GLOBE NEWSWIRE) -- DEEP … Other provinces are expecting deficits that are comparably higher than ours. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Income taxes. Regina – On Aug. 27, the Saskatchewan Party government released its first quarter fiscal update for the 2020 fiscal year, which revealed a $2.1 billion deficit, but one that was $296 million less than projected in the June 15 budget. Find services and information for doing business in Saskatchewan. It is the first year of an enhanced two-year $7.5 billion capital plan which includes $2.0 billion in stimulus funding provided in May, to further help our economy over the next two years. The capital plan invests in schools, hospitals, highways, Crown utility projects, municipal infrastructure and other needed projects to stimulate our economy, create jobs and build a strong Saskatchewan. In the coming months we will develop an economic and fiscal plan to bring our budget back to balance over time, because we have the strength of Saskatchewan people and the solid foundation here, in our province, to do it. • The Saskatchewan government tabled its 2013-14 mid-year fiscal update today. Find services and information for Saskatchewan residents and visitors. Saskatchewan NDP Leader Ryan Meili wrote to Premier Scott Moe on Friday asking … Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs). Information is outdated or wrong. Toews’s update was a litany of gloom. On March 25, 2020, the Ontario government delivered the province’s economic and fiscal update. The update also indicates the province intends to deliver a multi … But both the scaled-back, “expenses only” fiscal update … On Aug. 27, Finance Minister Donna Harpauer released the province’s first quarter fiscal update, and overall things aren’t looking as … Revenue is projected to be $13.6 billion, down 8.3 per cent from last year, a result of the needed shuttering of domestic and global economies to contain the spread of COVID-19 combined with the oil price collapse. The update also indicates the province intends to deliver a multi-year Ontario budget no later than November 15, 2020. Personal tax . Information is missing. The translation should not be considered exact, and may include incorrect or offensive language. For example, if a corporation's fiscal year-end is March 31, an annual meeting must be … Our province is well positioned to meet the challenges presented by the global COVID-19 pandemic and to recover through the strength of our people, and because we produce what the world needs – food, fuel and fertilizer. Saskatchewan fiscal update: More revenue, more spending, smaller deficit August 27, 2018 The Canadian Press REGINA — The Saskatchewan government says higher oil and potash prices will mean more money for the province this year. Minister of Finance, 2020-21 First Quarter Budget Update and Medium-Term Outlook, For the fiscal year ending March 31, 2020, We need your feedback to improve saskatchewan.ca. Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. SASKATCHEWAN BUDGET 2010 March 25, 2010 Tightening the purse strings Despite hints three weeks ago, when the third quarter fiscal update was released, that “an over-all improvement in the government’s financial outlook” was taking place (thanks to higher oil Our coverage of the fiscal update season continues. Saskatchewan's fiscal foundation remains solid. We need your feedback to improve saskatchewan.ca. This gives us confidence as we move forward with our Re-Open Saskatchewan Plan that businesses can reopen and more people can return to work, while at the same time we can control the spread of the virus. Provincial Details. Find a government service and access your Saskatchewan Account. Saskatchewan's Growth Plan for the Next Decade of Growth 2020-2030 is a roadmap for growing a province of 1.4 million people and a strong economy with 100,000 more jobs. In absolute terms the budgetary balance in the three Western most The Saskatchewan government has established a series of supports for people and businesses affected by the COVID-19 pandemic. We've seen fewer business closures than other provinces, and so far this year we have the third-highest urban housing starts in the country. March 18, 2020. Missed opportunity: SGEU says Saskatchewan government fiscal update does nothing to calm fears. This Budget includes over $1.0 billion in support related to our fight against the pandemic, for individuals, for businesses and for initiatives to help our economy recover. The Saskatchewan government’s midyear financial update shows the province is still on track to finish in the black this fiscal year. Our economy is resilient and our people are strong. The EPPA Update recommends that plan administrators work with the Superintendent’s office for guidance in the application of section 74(3). Saskatchewan is well positioned to recover from the effects of the pandemic because of the strength of our people and because we produce what the world needs – food, fuel and fertilizer. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English. Saskatchewan Extensions … ... Saskatchewan government COVID-19 update … Now we are reopening our province, together. Find services and information for Saskatchewan residents and visitors. These translations are identified by a yellow box in the right or left rail that resembles the link below. Any person or entities that rely on information obtained from the system does so at his or her own risk. Find how the Government of Saskatchewan governs and serves the province. Also in April our agriculture product exports were up more than 20 per cent year-over-year, and while total goods exported were down, we had the lowest overall decline in Canada. Missed opportunity: SGEU says Saskatchewan government fiscal update does nothing to calm fears. And we are funding many significant programs and services. These reports provide the final details on Government’s financial performance for each fiscal year and provide a comparison to the budget. Our Government is helping our most vulnerable, and investing to stimulate the economy. The Saskatchewan government will provide its first update on the size of the deficit it says is a casuality of the COVID-19 pandemic. Through this unprecedented time, Saskatchewan's fiscal foundation remains solid. Find and view the semi-annual reporting of Ministerial travel and expenses. Saskatchewan people have worked hard, sacrificed much and followed public health orders to keep themselves and others safe from the spread of COVID-19. It has a spelling mistake. Saskatchewan fiscal update. Find current and previous years’ plans and annual reports. Help us improve, First Nations, Métis and Northern Citizens, Agriculture, Natural Resources and Industry, COVID-19 Information for Businesses and Workers, Environmental Protection and Sustainability, First Nations, Métis, and Northern Community Businesses, Housing Development, Construction and Property Management, Cabinet, Ministries, Agencies and Other Governments, Educational Institutions and Child Care Facility Administration, Health Care Administration and Provider Resources, Legislation, Maps and Authenticating Notarized Documents, Finance Minister Donna Harpauer's budget address, L'honorable Donna Harpauer's discours du budget 2020-21, 2020-21 Budget Supports People, Jobs and Economic Recovery, 2020-21 Budget Builds a Strong Saskatchewan with $3.1 Billion of Capital Investment, Strong Support for Post-Secondary Students and Institutions, Record Education Funding for Saskatchewan Students and Classrooms, Un Financement Record en Éducation pour les Élèves et les Classes en Saskatchewan, Budget 2020-21 Provides Support for a Strong, Resilient Resource Sector, Building Stronger First Nations and Métis Communities, Record Municipal Investments to Support Recovering Saskatchewan Municipalities, 2020-21 Budget Strengthens Health Care in Saskatchewan, Budget Strengthens Mental Health and Additions Treatment and Support, Up to 50 Sets of Passing Lanes Highlight $715 Million Commitment to Safety and Economic Stimulus in Highways Budget, Province Increases Investments in Saskatchewan Technology, Building Strong Families and Communities by Supporting those in Need, Budget Keeps Saskatchewan Communities Strong by Investing in Public Safety, Building a Strong Economy Through Trade and Investment. The Saskatchewan government’s plan to return to a balanced budget remains on track, despite some hiccups since the first quarter fiscal update. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs). Government debt is expected to hit $100 billion by the end of the fiscal year next spring. Existing non-urgent eviction orders will not be enforced. The global pandemic, the spread of COVID-19, has changed our lives. Last week, Manitoba and Yukon have both moved forward with the release of their 2020 Budgets, and Saskatchewan provided its 2020 Fiscal Update. It is a pandemic deficit. Find information on bonds issued by the provincial government, as well as the latest investor presentation. Reacting to today’s Saskatchewan Party government fiscal update, the Saskatchewan Government and General Employees’ Union (SGEU) is calling for more action and leadership from Premier Scott Moe and his cabinet. Saskatchewan is not immune or alone. Our province is well positioned to meet the challenges presented by the global COVID-19 pandemic and to recover through the strength of our people, and because we produce what the world needs – … On Aug. 27, Finance Minister Donna Harpauer released the province’s first quarter fiscal update, and overall things aren’t looking as bad as they did on June 15, when the budget was released. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English. Every province, every jurisdiction in the world, has seen its economy and finances hit hard by the pandemic. Saskatchewan NDP Leader Ryan Meili wrote to Premier Scott Moe on Friday asking … Saskatchewan released a fiscal update providing detail on spending over 2019 and projections for 2020-21, mainly to explain what the Government is doing amid COVID-19. 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