March 18, 2009 / 8:39 PM / in 9 years

Saskatchewan predicts C$424.5 million budget surplus

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below