Saskatchewan Finance Minister Jim Reiter, right, speaks to members of the media, with deputy finance minister Max Hendricks, prior to the release Saskatchewan Provincial Budget in Regina on March 19.Liam Richards/The Canadian Press
Saskatchewan’s government says it will ride a strong economy to a projected razor-thin surplus in this year’s budget.
But it says turbulent headwinds of tariffs could, in the worst-case scenario, blow a billion-dollar hole in the spending plan.
Finance Minister Jim Reiter tabled the 2025-26 budget.
It projects a $12-million surplus this fiscal year on spending of $21 billion, with even larger surpluses expected in the years to follow.
However, the budget doesn’t set aside money to offset potential massive losses, as Canada fights an ongoing trade war with the United States and faces one with China starting this week.
Health and education spending will stay at current levels while the budget banks on benefiting from a rising population, growing oil and uranium revenues, and stabilized markets for potash.
