Saskatchewan is forecasting a $349 million deficit at first quarter, a sharp swing from the $12 million surplus projected in the 2025-26 budget.

The province says total revenue is expected to reach $20.9 billion, down $172 million from budget, while expenses are forecast at $21.2 billion, up $189 million.

Deputy Premier and Finance Minister Jim Reiter said the update reflects both fiscal pressures and the government’s commitment to supporting key services.

“Today’s update underscores government’s commitment to keeping our communities safe and continuing to invest in healthcare, education and other essential services,” Reiter said. “While economic uncertainty is creating financial challenges both nationally and globally, Saskatchewan’s financial position remains stable. We will continue

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