Earlier this year, Saskatchewan was anticipating a balanced budget. With the coronavirus pandemic having an effect on the world’s economy, however, the province is now bracing for a deficit.
Finance Minister Donna Harpauer says the government is expecting a decline in corporate taxes, personal income tax, PST and oil. “We’re also concerned about any of our trade dependent industries,” Harpauer said. “Not that they won’t have products, but with the global marketplace being shut down, we’re a trade-dependent province, and we’re not sure how successful trade will be in this province until boarders are lifted.” The province isn’t ready to release their projections on how much the deficit will be, but Harpauer promised the number will come in a