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Revenue Down: Saskatchewan Premier Says Province Will Run Deficit

Darpan News Desk The Canadian Press, 01 Feb, 2016 12:04 PM
    REGINA — Saskatchewan Premier Brad Wall says his government is facing what he calls "serious revenue shortfalls" and will run a deficit this fiscal year and next.
     
    Wall told the Saskatchewan Urban Municipalities Association that there isn't much room for the government to make cuts.
     
    He said that left two choices: raise taxes or run a deficit — and the government opted for the deficit.
     
    Wall said the books will be balanced once again at the end of next fiscal year.
     
    The province had already moved away from a projected surplus to a $262-million deficit when it presented a budget update last fall.
     
    The finance minister said at the time his goal was still to balance the books, but warned that falling resource revenue was going to make that a tough challenge.

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