Released on March 2, 1998
The provincial government is on track to balance the budget for the
fourth consecutive year, Finance Minister Eric Cline said today.
Cline was responding to the public release of the government's 1997-98
special warrant funding which involves expenditures the government has
made since the last provincial budget was passed in the legislature.
The government has approved a total of approximately $113.9 million in
special warrant funding on an original 1997/98 provincial budget of
$5.05 billion.
"This year we made several significant investments in priority areas
after Budget," Cline said. "We provided an additional $48.6 million
for health, one of the top priorities of Saskatchewan people. The
budget for Highways was also up $10 million, allowing the Department
to advance some road construction and preservation projects due to a
longer construction season."
Forecasted under-expenditures in other areas of approximately
$11 million will help offset these unforeseen costs. Another
$15 million will be offset by fees and revenues recovered against
costs.
"I'm pleased that we are able to make these additional
investments and still stay on track to balance the budget for
1997/98," Cline said. "That is the next step in fulfilling the
four-year financial plan introduced two years ago. I look
forward to providing an update on this year's fiscal performance
with the upcoming provincial budget on or about March 19."
-30-
For more information, contact:
Sandra Lodoen
Finance
Regina
Phone: (306) 787-6578