Sask Budget Shortfall
The province's first quarter fiscal update shows potash revenues are one-third of what was expected. This was partly offset by oil revenues. To make up the shortfall, the province delayed some spending, let a few civil service positions sit vacant, and took some money from Crown Investments Corporation plus $400 million from the Growth and Financial Security (Rainy Day) Fund. Lee Harding of the Canadian Taxpayers Federation says the government has to be cautious in its spending because of the unknowns of oil, potash, the harvest, and the value of the Canadian dollar. Finance Minister Rod Gantefoer and NDP Finance Critic Trent Wotherspoon also comment.
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