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04/11/2018
Provincial Budget Highlights

The 2018-19 Budget invests a record $5.77 billion to improve health care for all Saskatchewan people, up nearly 2.5 per cent from last year. That includes $3.5 billion for Saskatchewan Health Authority operating funding, up nearly $72 million from total funding last year to the 12 regional authorities. Saskatchewan’s 27 school divisions will receive $1.87 billion in school operating funding for the 2018-19 school year, up 1.6 percent compared to last year. This budget also provides nearly $77 million in child care funding. In addition all provincial tax rates, including provincial sales tax, income tax and property tax remain the same.

A deficit of $365 million is projected for 2018-19. A return to balance is expected in 2019-20 with a modest projected surplus of

$6.0 million. Higher surpluses of $108 million and $212 million respectively are forecast for 2020-21 and 2021-22. Revenue is forecast at $14.24 billion in this budget, up about $80 million from last year—largely due to higher non-renewable resource revenue, net income from Government Business Enterprises, and other own-source revenue. Meanwhile, expenses are forecast at $14.61 billion in this budget, down $200 million or 1.4 per cent from last year.

The 2018-19 Budget makes many other important investments in post-secondary education, in highways and infrastructure, in

support for municipalities, in innovation and technology, in the agriculture and resource sectors, in trade and export

development, and for First Nations and Métis people.

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Copyright Overtime Communications Ltd. 2018