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Deficit of $2 6 billion expected, Saskatchewan expects to balance budget in 2026-27

And that, she told reporters, is “pretty frustrating.” “I do think that we were there for the people of Saskatchewan. We need to be there for Saskatchewan. We need to also plan for growth and for the days where we will again be leading the nation in growth that we did in the past. And I think we have the right budget to do that.  “But we are borrowing.” That wasn’t the initial plan, before the pandemic hit. Harpauer said, “In my pre-COVID budget that never happened, I was actually paying down debt.” The reason for deficit is simple: the pandemic. Harpauer said, “It is difficult to overstate the impact of the pandemic. It was not only a worldwide health crisis, the COVID 19 pandemic is also the largest shot to the Saskatchewan, Canadian and world economy of any event since the Second World War.

Saskatchewan releases its budget with a deficit of $2 6 billion

And that, she told reporters, is “pretty frustrating.” “We need to be there Saskatchewan. We need to also plan for growth and for the days where we will again be leading the nation in growth that we did in the past. And I think we have the right budget to do that. “But we are borrowing.” That wasn’t the initial plan, before the pandemic hit. Harpauer said, “In my pre-COVID budget that never happened, I was actually paying down debt.” The reason for deficit is simple: the pandemic. Harpauer said, “It is difficult to overstate the impact of the pandemic. It was not only a worldwide health crisis, the COVID 19 pandemic is also the largest shot to the Saskatchewan, Canadian and world economy of any event since the Second World War.

NDP blames government for job losses, despite pandemic s impact

It showed Saskatchewan’s unemployment rate was 7.3 per cent in February 2021, up 0.1 per cent from the previous month. Employment in Saskatchewan was 550,000 jobs, a 0.4 per cent improvement from the previous month. But compared to the same month last year, population grew 1,000, the labour force declined 18,300, and employment declining 23,000.   Young, who is a small business owner herself, said, “We all know there are so many people struggling to get by right now and while vaccines are certainly a light at the end of the tunnel, people don t know if their job will be there to come back to. And what we re calling for today is we need a plan that helps small businesses rehire those that they ve had to lay off. And we need to support women getting back into the workplace. We know this pandemic has disproportionately impacted women. 

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