REGINA – The Sask. Party’s bogus budget has been exposed in the mid-year financial report as the province goes from a narrow surplus to a massive $427 million deficit and a billion dollars of new debt.
“The Sask. Party’s so-called 12 million surplus was blown on Budget Day before the crowd in the gallery departed to eat cream puffs in the library at the Budget Day Tea,” said Trent Wotherspoon, Saskatchewan NDP Shadow Minister for Finance.
“They promised a $12 million surplus and now it’s looking more like a half-billion-dollar deficit with a billion more in debt from their bogus budget. As we said at budget time, this budget wasn't worth the paper it was printed on. Sure enough, the numbers have come home to roost.”
Despite promising to scrap the provincial carbon tax, the Sask. Party government continues to book $466.9 million in revenue from it, up $35.4 million from the first quarter.
Had the Sask. Party not broken its promise and actually eliminated their provincial carbon tax, the projected deficit today would be $900 million.
SaskPower has also been driven into a massive net income loss of $166 million, off $292 million from the budget – a clear sign that another round of massive rate hikes are on the way.
“Saskatchewan people know what this mismanagement will mean for them. They’ve seen this movie before,” said Wotherspoon.
“It’s the people of this province who have already had so many taxes stacked on them by this dishonest tax-and-squander government. They know it’s them that will be left to foot the bill.”
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