Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

August 2009

Ally

Research Assistant
Registered
Joined
Mar 24, 2009
Messages
16,743
Potash Revenues Tumble, forcing Saskatchewan Government to Curb Spending to Remain in the Black

REGINA — Facing an unprecedented reversal of fortune, the Saskatchewan Party government moved to re-balance its books Friday by deferring funding for a planned children`s hospital in Saskatoon, taking more money from the Crown corporations and freezing the hiring of employees not "critical" to government operations.

Just a little over three months after releasing a big-spending budget built around potash royalties, Finance Minister Rod Gantefoer cited a "negative perfect storm" of factors as he issued a first quarter financial report showing the province will take in $1.3 billion less from potash than projected.

But the Opposition NDP blasted the government, saying it had kept a perversely sunny outlook at budget time even when the economic storm clouds were in plain sight.

"We`ve got a heck of a mess here," said NDP finance critic Trent Wotherspoon.

Read the full article here.
 
Top Bottom