Saskatchewan: Budget 2023 - Canada’s Breadbasket Bakes in Surpluses

Saskatchewan’s 2023 budget projected surpluses through 2026–27 (FY2027), reversing prior plans for deficits until the last year of the forecast. The province’s net debt-to-GDP ratio is expected to hover between 13% and 14% of nominal GDP for the next four fiscal years. That trajectory is 6–7% lower than in Budget 2022, and exceeds only that of Alberta so far. Natural resources revenues are expected to fall this year amid softening commodity values. Price forecasts look appropriately prudent.