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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.
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Saskatchewan prevé un déficit de 743 millones de dólares superior al previsto debido a los mayores costos de los seguros de cosechas.