Community Connections

  • January 14, 2015

    This is our Community a Celebration of Cultures

    Community Connections is pleased to invite you to our 4th annual event "This is our Community a Celebration of Cultures".  This event will be held on March 15, 2015 from 1:00 pm to 4:00 pm at the Glencairn Neighborhood Centre - 2626 Dewdney Ave. East

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  • September 14, 2012

    Special Olympic Truck Convoy & Truck Pull

    A TRUCK CONVOY of close to 70 trucks with large trailers left Saskatoon in the morning and arrived in Regina at the Turvey Centre at 1pm.

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  • September 8, 2012

    Canadian Paraplegic Association Relay

    I was honoured to attend and bring greetings to this fun event

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  • Chinese Freemasons of Regina

    We were pleased to attend their 4th Anniversary Banquet and Celebration

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  • June 23, 2012

    Aboriginal Day Live & Celebration

    I had the honor of attending the Opening Ceremonies of the National Aboriginal Day Live & Celebrations.

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  • K+S Potash Legacy Mine Ground Breaking Ceremony

    K+S Legacy Project near Bethune, Saskatchewan

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  • Feed the Kids Night

    At North Central Family Centre.

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BUDGET REMAINS ON TRACK DESPITE DROP IN OIL PRICE

Released on November 27, 2014

Lower Oil Price Could Have More Impact on Next Year’s Budget

Saskatchewan remains on track to post a balanced budget in 2014-15.  The Mid-Year Report released today projects a year-end surplus of $70.9 million.

“While the price of oil has fallen in recent weeks, it remained high for the first few months of the fiscal year, so overall, resource revenues are still projected to be ahead of budget this year,” Finance Minister Ken Krawetz said.  “However, it now looks like we will start the 2015-16 Budget year with a lower oil price, which means our government will need to carefully manage spending.”

Krawetz said the Saskatchewan economy remains strong despite the impact of falling oil prices on government revenues.

“Right now, Saskatchewan has the strongest job growth and lowest unemployment rate in Canada,” Krawetz said.  “Most of the new jobs are not in the resource sector.  They are in other areas, which shows the importance of a strong, diversified economy.”

Total revenue for 2014-15 is now projected at $14.199 billion, up $126.4 million from budget. 

Projected revenue from non-renewable resources is up $59.5 million from budget.  Higher potash revenue and Crown land sales more than offset the projected revenue decrease in oil.

Net income from Crown Corporations and other Government Business Enterprises including the insurance sector is up $183.8 million from budget, while revenue from taxation, personal income tax, corporate income tax and tobacco is $145.3 million lower than expected at budget.

Total expense for 2014-15 is now projected at $14.129 billion, up $126.9 million from budget.
 
Much of this increase, about $107 million, is attributable to projected costs related to disaster assistance for those affected by recent flooding. 

“Our government will continue working hard to keep Saskatchewan’s economy and its finances strong,” Krawetz said.

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For more information, contact:

Jeff Welke
Finance
Regina
Phone: 306-787-6046
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Cell: 306-536-1185

 

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