Budget 2023-24 ensures that growth continues and that it’s growth that works for everyone.
- There are no tax increases or new taxes in this budget, helping keep life affordable for Saskatchewan people. When taxes, utilities and housing costs are combined, Saskatchewan is the most affordable jurisdiction in Canada for a family of four.
- More people than ever before are calling Saskatchewan home. The province experienced its largest yearly population growth in over a century in 2022.
- Employment reached its all-time highest level last year, adding over 20,000 full-time jobs, and employment is expected to grow in 2023.
- A growing economy and strong finances allow government to pay down up to $1.0 billion in operating debt this fiscal year, reducing interest costs by $44 million annually, making those savings available to invest in needed services, programs and capital projects.
- Responsible management of the province's finances has secured Saskatchewan’s second-highest credit rating in Canada.
- Saskatchewan’s economy is estimated to have grown by 4.8 per cent in 2022, and the momentum is expected to continue in 2023. Private sector forecasts have Saskatchewan achieving the highest and second highest economic growth among the provinces in 2022 and 2023, respectively.
- Business investment continues to grow. In recent years private companies have announced more than 80 large-scale projects for a total investment of $32 billion.