SASKATOON, SK: The Canadian Taxpayers Federation released a report today warning Saskatchewanians about the province’s increasing debt.

“Hundreds of millions of taxpayers’ dollars are being wasted on debt interest payments because the government is borrowing too much money,” said Gage Haubrich, CTF Prairie Director. “The government needs a plan to find savings and dig Saskatchewan out of this financial hole.”

The CTF report details how the provincial government has increased the debt since 2017-18.

Key findings of the report include:

• Saskatchewan government increased the debt by 136 per cent from 2017-18 to 2025-26
• Per capita debt has increased by 113 per cent since 2017-18
• Each Saskatchewanian’s per capita share of the provincial debt is about $18,866
• Debt interest payments have cost taxpayers more than $5 billion since 2017-18
• Each Saskatchewanian’s average share of annual debt interest cost is about $695

Since becoming premier, Scott Moe has more than doubled Saskatchewan’s provincial debt. In 2017, the debt stood at about $10.1 billion. By the end of this year, it will hit about $23.9 billion.

The government will waste $878.4 million on debt interest payments this year.

Debt interest charges will cost taxpayers more than the government departments of: Community Development, Transportation, General Government, Environment and Natural Resources or Economic Development.

“This report should be a wakeup call for the government that Saskatchewanians can’t afford any more debt,” said Haubrich. “Moe needs to control spending and work to pay down Saskatchewan’s increasing debt.”

The government currently has no plan to cut spending and start reducing debt. The government is planning on increasing the debt by at least 22 per cent from 2025-26 to 2029-30.

The Saskatchewan Debt Report can be found HERE.