Saskatchewan Finance Minister Jim Reiter is set to deliver the midterm update on this year’s provincial budget today.
Premier Scott Moe’s government had forecast a modest $12-million surplus when the budget was introduced.
But it has since revised expectations and as of August expected the final budget number to be a $349-million deficit.
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Reiter said at that time the numbers remain volatile as Saskatchewan and other jurisdictions ride out the peaks and valleys of global uncertainty, including Chinese tariffs on canola.
The first-quarter update pegged total expected revenue for the year at $20.9 billion and expenses at $21.2 billion.
Non-renewable resources revenue was projected to decline by $30 million compared with the budget because of lower oil prices and a higher exchange rate.
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