02.06.2016 16:22:00

Saskatchewan, Province of -- Moody's sees risks in Saskatchewan's commitment to balance budget by 2017-18

Toronto, June 02, 2016 -- Moody's Investors Service notes that in its 2016/17 Budget, the Province of Saskatchewan (Aaa stable) anticipates a CAD434 million deficit (3% of revenue) for 2016/17 driven mainly by declining non-renewable resource revenues. At the same time, the government affirmed its commitment to return to a narrow surplus by 2017/18, although no details were provided.

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