Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Investor Relations

Investors from across Canada and around the world are able to invest in Saskatchewan through bonds issued by the provincial government. The government uses the funds raised as part of its financing activities.

To help ensure that potential investors are well-informed about the current economic situation and forecasts in Saskatchewan, the following documents are made available:




1. Borrowing Strategy and Issuance Documents

Borrowing Strategy

Borrowing Strategy Pie Chart with individually coloured sections. Gross Debt Outstanding as at March 20, 2024. Public 85%, CPP 2%, MTNs 2%, Promissory Notes 5%, Private (EUR) 1%, Public (CHF) 1%, Public (USD) 4%

Saskatchewan’s public borrowing program has been concentrated within the Canadian domestic market and is expected to remain so into the future. However, over the last few years, the Province has focused on moving into the international market in a more substantial way, with a general target of having 25% of its borrowing program denominated in foreign currencies.

Borrowing is focused on 10- and 30-year terms. The Province’s longer maturity profile reflects the fact that the debt is primarily supporting investment in longer term capital assets by both Executive Government and Crown Corporations.

Depending on borrowing requirements, the Province would look to issue in the USD and/or EUR market every 12-18 months to maintain a consistent presence. Issuance in other currencies will still be contemplated, but would likely be smaller deal sizes, issued opportunistically, and likely with longer tenors.

The Province’s general practice is to fully hedge its debt denominated in foreign into a fixed rate Canadian dollar liability through the use of derivative instruments.

The Province maintains a target cash balance of approximately $1.5 billion. Additional sources of liquidity include authorization to issue short-term notes of up to $4.0 billion, as well as access to a $2.9 billion government bond fund, which could be liquidated if primary debt markets become challenging.

Borrowing Plan

On the left is the Annual Borrowing Requirements bar graph in Billions showing the requirements in different shades of green for the GRF operations, Saskatchewan Capital Plan and Government Business Enterprises. Previous actual borrowings were $4.5 for 2020-2021, $3.5 for 2021-2022, $2.1 for 2022-23 and forecast for 2022-23 is $2.6. Budgeted annual borrowing requirement for 2024-2025 is $4.0. On the right is the 2024-2025 Budget Term vs Short-term borrowing pie chart in Billions - $3,980 for Term Borrowing and $384 for Short term borrowing.

Borrowing Requirements by Entity (table) for Budget 2024-25 with comparison to 2023-23 actuals, 2023-24 Budget and 2023-24 Q3. All amounts in millions of dollars. Q3 forecast for borrowing for GRF-Operating is nil similar to budget and first quarter. 2024-25 borrowing forecast for Saskatchewan Capital Plan is $927.4 ( $1,266.8 for 2022-23, $600 for 2023-24 Budget and $1,700 Q3) and for Government Business Enterprises is $1,536 ( $1,385.2 for 2022-23, $1,075.6 for 2023-24 Budget and $977.9 Q3).  Total borrowing requirements forecast as per 2024-25 Budget is $4,364 million. These will be funded by short-term and term financing.

Euro Medium Term Notes Programme (EMTN)

Press release - €1.25 Billion Benchmark Issuance (May 8, 2034)

Saskatchewan Offering Circular

Debt Issuance Documents

Recent Term Debt Issuances

Term Debt Outstanding as of March 31, 2023

Regulatory Filings and Listings

Provided for your convenience are the following links to the Province of Saskatchewan’s information made available on external sites:


2. Investor Presentations and Resources

Investor Presentations

Investor Relations Presentations comprehensively overview Saskatchewan’s economy, economic forecasts, and environmental sustainability.

Saskatchewan’s economy and statistics

Saskatchewan's Dashboard opens a window into what's going on in the province. Key economic indicators such as capital investment, gross domestic product, consumer price index, business industry, trade, employment and labour market statistics, and housing and construction data can be accessed.

The Saskatchewan Bureau of Statistics is the province's statistical agency.

The Bureau is part of Canada's national statistical system. In conjunction with our Federal, Provincial and Territorial partners, the Bureau participates in the coordination of statistical activity within the country and represents Saskatchewan's interests within the system.

Learn more about Saskatchewan's competitive advantages and investment opportunities in key sectors of our economy.

Government of Saskatchewan News

Find articles, photos and videos for recent news and media events. Search for past press releases by accessing provincial news media.


3. Provincial Budget and Financial Reporting


4. Environmental, Social and Governance

Saskatchewan has some of the highest-quality and sustainably produced food, fuel and fertilizer that a growing world needs. Visit Sustainable Saskatchewan to learn more about the province's sustainable resources, environmental stewardship, community support and clean energy.


5. Credit Ratings

Investors are especially interested in the province's long-term and short-term credit ratings, as determined by the major credit rating agencies:

Saskatchewan Credit Ratings (table)


6. Disclosure Notice

This information is intended as general information only and does not constitute an offer to sell or a solicitation of offers to purchase securities. The information posted on this site and linked sites is accurate at the time of posting but may be superseded by subsequent public disclosures.

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