Saskatchewan predicts C$424.5 million budget surplus

Wed Mar 18, 2009 4:37pm EDT
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SASKATOON, Saskatchewan (Reuters) - Saskatchewan is budgeting for a C$424.5-million surplus ($339.6 million) in its 2009-10 budget, making it a rarity among Canadian provinces.

The new budget presented on Wednesday is balanced for the 16th straight year, cuts property tax and includes C$1.5-billion ($1.2 billion) in spending on infrastructure including roads, hospitals and schools.

The resource-rich western province is expected to lead Canada with modest economic growth this year.

($1=$1.25 Canadian)

(Reporting by Rod Nickel; Editing by Jeffrey Hodgson)