Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

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.

The results of software-based translation 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 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.

Changes To Fiscal Stabilization Top Harpauer’s Agenda At Finance Ministers’ Meeting

Released on December 16, 2019

Improving fiscal stabilization for all Canadian provinces will be the focus of Saskatchewan Finance Minister Donna Harpauer when Canada’s finance ministers come together in Ottawa on Tuesday for their annual meeting.

“Canada’s Premiers recently reached a consensus that changes to fiscal stabilization are needed,” Harpauer said.  “Program funding is not sufficient for provinces that experience unexpected fiscal challenges, and the program needs to be more responsive to economic shocks and downturns.  Saskatchewan is calling on the federal government to make the necessary immediate improvements to fiscal stabilization.”

Several changes to the fiscal stabilization program are being proposed, including:
  • Removing the $60 per capita limit on stabilization payments;
  • Lowering the qualifying threshold for non-resource revenues;
  • Making these changes retroactive to include the 2015-16 fiscal year.
All provinces have also asked the federal Finance Minister to include health transfers on the meeting agenda.  Saskatchewan supports the recent unanimous call put forward by Canada’s Premiers to set the annual escalator for the Canada Health Transfer to 5.2 per cent—the level recommended by the Conference Board of Canada.

At Tuesday’s meeting, Harpauer will also highlight the need for the federal government to re-examine the mortgage stress test - a task that was included in the updated Mandate Letter to the Federal Minister of Finance.

“In Saskatchewan, the stress test has done more harm than good, preventing a disproportionate number of families from being able to afford a home,” Harpauer said.

Harpauer also wants changes to the Investing in Canada Program and will be asking the federal government to work directly with provinces to set infrastructure priorities and approve projects.

“These changes would allow provinces to better target infrastructure spending to the areas of highest need and would help accelerate key projects,” Harpauer said.

-30-


For more information, contact:

Brian Miller
Finance
Regina
Phone: 306-787-6605
Email: brian.miller@gov.sk.ca

We need your feedback to improve saskatchewan.ca. Help us improve