Saskatchewan Can’t Get Overconfident in its Finances
“The views and opinions expressed in this article are those of the author and do not necessarily reflect the position of Pattison Media and this site.” This article was originally published in the Saskatoon StarPhoenix on July 11, 2023
If any farmer walked into their accountant’s office to finish off their year-end statements and discovered that they had made four times more than what they were expecting, they would assume their accountant was cooking the books. But in the case of the provincial government, it’s true.
Initially, the 2022 budget predicted an almost $500 million deficit, but a huge revenue windfall left the province with a $1.5 billion surplus.
Overall, the government raked in $3.4 billion more in revenue than the budget projected. That’s enough extra money to build 12 new Mosaic Stadiums.