Saskatchewan Premier Scott Moe says he’s willing to run a deficit in order to keep up with his big spending promises. The 2020-21 budget was expected to be released on Wednesday, which the premier previously stated would be balanced.
However, following “an economic impact that we don’t see very often” as a result of the novel coronavirus pandemic, Moe says the budget will be delayed and he can no longer guarantee the it will be without a deficit. “Revenues are very, very difficult to predict, not just in Saskatchewan, but across Canada and I’d say around the world,” Moe said.
He added that the 2020-21 revenues are no longer indicative to the province’s economic forecast — at least for the next few months.