coronavirus pandemic, the government of Saskatchewan says the province’s budget will return to a surplus in 2024-25.On Thursday, the provincial government released its first quarter budget update, which forecasts a $2.1 billion deficit, $296 million less than previously projected.
Saskatchewan not slashing spending despite $2.4B deficit looming for 2020-21 The government says its medium-term outlook includes smaller deficits over the next three years with deficits of $1.4 billion in 2021-22, $855 million in 2022-23, and $340 million in 2023-24.The province says in 2024-25, they expect a surplus of $125 million.Earlier this year, the government was prepared to release a balanced budget, but with the oil crash and the coronavirus pandemic.