MASSIVE $349 MILLION DEFICIT NOW PROJECTED AS SASK. PARTY MISMANAGES FINANCES

WHO COULD HAVE GUESSED IT?

REGINA – The tired and out-of-touch Sask. Party continues to mismanage the province's finances, now projecting a massive $349 million deficit with very little results to show for it.

The Sask. Party previously tabled a bogus budget with a razor thin surplus that was factually incorrect.

Despite this massive deficit, the Sask. Party continues to collect their provincial carbon tax after promising they axed it. In fact, they are collecting $35.4 million more than they had planned at budget time, according to page 4 of the financial update.

The Sask. Party failed to account for the economic impacts of tariffs and deliver a plan as Saskatchewan fights a trade war on two fronts and as other provinces move ahead with supports.

“Who could have guessed it? We said from day one that this budget wasn’t worth the paper it’s written on,” said Finance Shadow Minister Trent Wotherspoon.

“They botched the resource and economic projections, and they said they were cancelling the carbon tax when they are now collecting even more from it.

“This is about basic honesty and integrity. They passed a budget they knew was nonsense. They can’t manage. The Sask Party is tired, out of touch and out of ideas. They are spending more and more, and the people of Saskatchewan are getting less and less.”

At the present, three Crown Corporations are in financial trouble losing close to $300 million per year and the government will soon be increasing power, auto and general insurance rates as a result.

Exports to China and the United States have also plummeted.

“People are going to pay for this, with higher debt and higher interest. Debt is set to increase by $430 million this year to record levels of $38.7 billion,” said Wotherspoon.

“This is a government that simply isn’t focused on building a bright future for the people of Saskatchewan.”

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