Tank: With the price of oil and potash dropping, the boom that fuelled Saskatchewan's budget surplus after Russia invaded Ukraine could be ending. skpoli cdnpoli
A continued decline in price could also affect thecollected by Saskatchewan that have provided the provincial government the option to pay down $2 billion in debt and deliver its first balanced budget in eight years.
That price remains well above the US$369 estimate used to establish figures for the 2023-24 Saskatchewan budget, for which the province is counting on $1.4 billion in potash revenues. But the gap is getting close enough that one might wonder how low it will go, especially given the signals from the potash industry.Article contentThe budget is also counting on $963.1 million from oil based on the price for West Texas Intermediate of US$79.50 per barrel.
This all translates into exactly what Saskatchewan Finance Minister Donna Harpauer has repeatedly said about using resource money to fund the operating budget — that you cannot continue to count on that cash. Politically, however, one can see the reasoning from a government facing an election next year and willing to mostly ignore all the calls for more immediate relief from consumers and for increased spending on health and education.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia-Ukraine live updates: Putin says war was ‘unleashed’ on RussiaDozens of mine-resistant vehicles are helping Ukrainian troops navigate the frontlines, capable of withstanding mines, rocket-propelled grenades and heavy machine gun fire. ABC News' TSoufiBurridge is in Ukraine with more.
Weiterlesen »
Saskatchewan Roughriders open training camp with positive energyThe Riders think good things are to come after all the off\u002Dseason roster moves were made.
Weiterlesen »
Saskatchewan government pausing tire recycling plans, reviewing procurement practicesThe review comes after concerns raised by the Greater Saskatoon Chamber of Commerce and Shercom Industries.
Weiterlesen »
Saskatchewan issues fire ban as wildfires rage through Western CanadaFire ban for Crown lands, provincial parks and the north includes open fires, controlled burns and fireworks north of Highway 16.
Weiterlesen »
Amber Alert for abducted child may extend to Saskatchewan: RCMPChristopher Poulin is believed to have taken eight\u002Dyear\u002Dold Emersen Poulin on Monday night, and may be heading toward Prince Albert, Sask.
Weiterlesen »
Jayden Dalke's winding road: From northern Alberta work camps to life as a RoughriderDefensive back Jayden Dalke has had an unorthodox path to his job with the Saskatchewan Roughriders.
Weiterlesen »