SaskatchewanSaskatchewan Finance Minister Jim Reiter is set to deliver the midterm update on this year’s provincial budget on Tuesday.Saskatchewan posted $349M deficit in August after projecting surplus in budgetJeremy Simes · The Canadian Press · Posted: Nov 25, 2025 9:55 AM EST | Last Updated: 36 minutes agoListen to this articleEstimated 1 minuteThe audio version of this article is generated by text-to-speech, a technology based on artificial intelligence.Saskatchewan Finance Minister Jim Reiter is set to deliver the midterm update on this year’s provincial budget today. (The Canadian Press/Heywood Yu)Saskatchewan Finance Minister Jim Reiter is set to deliver the midterm update on this year’s provincial budget today.Premier Scott Moe’s government had forecast a modest $12-million surplus when the budget was introduced.But it has since revised expectations and as of August expected the final budget number to be a $349-million deficit.Reiter said at that time the numbers remain volatile as Saskatchewan and other jurisdictions ride out the peaks and valleys of global uncertainty, including Chinese tariffs on canola.The first-quarter update pegged total expected revenue for the year at $20.9 billion and expenses at $21.2 billion.Non-renewable resources revenue was projected to decline by $30 million compared with the budget because of lower oil prices and a higher exchange rate.
Saskatchewan finance minister to deliver midterm update on budget
