Saskatchewan forecasts a larger-than-expected $743M deficit due to higher crop insurance costs.

The Saskatchewan government's mid-year report projects a deficit of $743 million, up from the $273 million budgeted, mainly due to higher crop insurance payouts from a tough farming season. The province sees agriculture as vital and crop insurance as essential. Additional spending is planned for prisons and hospitals, with total revenue projected at $20 billion, boosted by tax gains.

November 28, 2024
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