SCOTT MOE IS NOW SASKATCHEWAN’S $40-BILLION DOLLAR DEBT MAN

Bill Hikes For Power, Car Insurance and Tax Hikes Just The Beginning As Sask. Party’s Debt Climbs Higher And Higher

REGINA – After nearly a decade of record-setting provincial debt under Premier Scott Moe, Saskatchewan families are feeling the consequences directly through higher bills, higher taxes and rising fees, new figures show.

“After eight years of reckless taxing and squandering, and record-breaking debt, Scott Moe has earned a new title — the $40 Billion Dollar Debt Man,” said Trent Wotherspoon, Shadow Minister for Finance. “And now his unprecedented waste, mismanagement and chaos is landing at the feet of Saskatchewan people — they’re paying more for power, for car insurance, on the Sask. Party’s PST on pretty much everything, on their property tax bills and so much more.”
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Over more than a century — from Saskatchewan’s founding in 1905 until 2017 — the province’s accumulated debt stood at under $20 billion. Now, with eight years of Moe as Premier, the debt has doubled to nearly $40 billion and is on track to reach $57 billion by 2028-29, according to analysis by the Official Opposition. For context, Moe’s debt pile is nearly double that racked up by former conservative Premier Grant Devine and nearly three times that tallied by Brad Wall.

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It must be noted that all three of these Sask. Party/conservative Premiers each added billions in debt. Moe added $20B, Wall added $8B, Devine added $10B while in stark contrast both Sask. NDP Premiers Romanow and Calvert paid down the debt.

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Saskatchewan’s per-capita debt — each citizen’s share of the provincial debt — has now risen to $28,534.

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While Scott Moe is currently responsible for 50 per cent of Saskatchewan’s total accumulated debt, projections show he is on track to be responsible for approximately 65 per cent of all provincial debt by the time the next election is due by 2028.

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As provincial debt has doubled, so too have debt-servicing costs. Saskatchewan is now paying over $1 billion per year in interest alone — the equivalent of more than $2,500 annually for every Saskatchewan household.

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“That’s money no longer available to cut costs for Saskatchewan families and pay for critical things like healthcare and education,” Wotherspoon said. “It’s our money and it’s going to pay off bankers on Bay Street and Wall Street to cover the Sask. Party’s historic mismanagement and waste.
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“It’s time for a government that will put a stop to all this waste and chaos. It’s time to stop paying off Scott Moe’s friends and insiders and focus on working for everyday Saskatchewan people. It’s time for change.”
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‎Gross Debt by Premier since 1981
Premier	Debt (in millions)	Percentage (%)
Scott Moe	$19,694	50.12%
Brad Wall	$7,762	19.75%
Lorne Calvert	-$114	-0.29%
Roy Romanow	-$1,528	-3.89%
Grant Devine	$10,106	25.72%

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