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Oil Boom Fails to Plug Saskatchewan’s Growing Fiscal Deficit

Oil Boom Fails to Plug Saskatchewan’s Growing Fiscal Deficit
Source: Global News Canada

Saskatchewan’s fiscal shortfall deepened during the first quarter, despite an unexpected revenue boost from rising global oil prices.

According to the provincial government’s latest financial report, the deficit expanded to $825 million, deteriorating slightly from the initial $819 million projected in the annual budget.

While resilient energy markets injected vital capital into public coffers, escalating operational costs across key public sectors offset the gains, leaving fiscal hawks concerned about the province's long-term financial trajectory.

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