- Marc Desormeaux, Principal Economist • Kari Norman, Economist
Saskatchewan budget
Saskatchewan: Budget 2024 - Low Debt Burden Maintained Despite Return to Deficit
March 20, 2024
Saskatchewan’s fiscal year 2024–25 (FY2025) penciled in deficits in FY2024 and FY2025—in contrast to last year’s plan—but then baked surpluses in from FY2026 to FY2028.
Despite that deterioration, the province maintains one of the smallest public debt burdens in Canada, as measured by the net debt-to-GDP and debt service-to-revenue ratios.
New measures largely amounted to detailed spending forecasts. Expenditures in health, education and social services and assistance are all expected to rise by between 1% and 4% in the coming fiscal year.
The province expects to borrow $4.4B in FY2025.