Saskatchewan NDP Urges Government To Lower Debt Before Budget

The Sask. NDP and the Canadian Taxpayers Federation are urging the Saskatchewan government to take measures to reduce the province’s growing debt in the lead-up to the new budget announcement. As the fiscal clock ticks, both organizations have expressed concerns about the financial burden on taxpayers, emphasizing the need for a balanced budget this year. The call to action comes as the province prepares to unveil its 2024-25 budget, with many anticipating what steps will be taken to address the fiscal challenges ahead.

Key takeaways

• CTF displayed a debt clock outside the legislature, highlighting debt concerns.
• Saskatchewan’s last balanced budget was in 2022; consistent balance not seen since 2013-2015.
• Mid-year review showed nearly $32 billion in gross debt, with $640 million in interest.
• NDP criticizes the government for increased debt under Premier Scott Moe’s leadership.
• Government faced a shift from a projected surplus to a $1 billion deficit.

The Sask. NDP and the Canadian Taxpayers Federation are calling for the Saskatchewan government to prioritize debt reduction and budget balancing to alleviate the financial strain on taxpayers.

Debt Reduction Urged Ahead of Saskatchewan Budget

The Canadian Taxpayers Federation’s debt clock demonstration in front of the legislature serves as a stark reminder of the province’s fiscal status. Gage Haubrich, the CTF’s Prairie Director, emphasized that failing to balance the budget only increases the debt burden on taxpayers. The Sask. NDP, led by Carla Beck, echoed these sentiments, highlighting the near doubling of debt since Premier Scott Moe took office in 2018.

Government Spending Scrutinized as Debt Climbs

Despite a one-year-ago projection of a $1 billion surplus, the government’s mid-year fiscal review forecasted a $1 billion deficit, raising questions about spending efficacy. Leader Beck criticized the government’s approach to problem-solving through spending, while Premier Moe defended the need for serious decisions to foster economic growth and community investment.

In anticipation of the upcoming budget, the Sask. NDP and the Canadian Taxpayers Federation are calling on the province to decrease debt and avoid further financial strain on taxpayers. With the province’s debt nearing $32 billion and interest payments consuming significant resources, the urgency for a balanced budget is clear. As Saskatchewanians await the full 2024-25 budget details, the government faces pressure to make decisions that will ensure fiscal responsibility and sustainable economic growth.