Fiscal Responsibility for SK Government
Saskatchewan is strong, a key message in Premier Wall’s state-of-the-province address this week. Fiscal responsibility is key to our plan for growth and, despite falling oil prices, our Mid-Year Financial Report shows we are still on track to post a balanced budget in 2014-15. Since lower oil prices are expected in the coming year, we will carefully manage government spending in an effort to balance the budget with the priorities of Saskatchewan people.
It is important to remember that our economy is about much more than oil; it includes strong potash, uranium, agriculture, manufacturing and technology sectors. In fact, just eight per cent of the nearly 72,000 new jobs created in Saskatchewan over the past seven years have been in the resource sector. Saskatchewan also continues to post the strongest job growth and lowest unemployment rate in Canada, an indicator that our economy is diverse and strong.
Saskatchewan is strong, diversified and well-positioned moving forward because of our greatest strength – our people. To keep Saskatchewan strong this generation and next, we are investing in tomorrow’s leaders today. There are many ways in which we’re doing this and one of them is through the Saskatchewan Advantage Grant for Education Savings (SAGES).
SAGES enables the Government of Saskatchewan to provide a grant of 10 per cent on contributions made since January 1, 2013, into a Registered Education Savings Plan (RESP) to a maximum of $250 per child per year. Since the program was officially launched earlier this year, more than $2 million has been allocated to over 10,000 Saskatchewan families. You can learn more about the program and eligibility requirements online at saskatchewan.ca/sages.