Provincial government is facing a loss in oil revenue of around $700 million
REGINA—The Saskatchewan government says the budget to be tabled today has been the most difficult to put together because of low oil prices that continue to affect revenue.
Finance Minister Ken Krawetz says the province anticipated stronger prices last September.
He says the budget tightened every month as oil prices plummeted.
Krawetz says the government is facing a loss in oil revenue of around $700 million.
Premier Brad Wall has promised a balanced budget and said the government is focusing on continued economic growth.
He has said the government is also planning to introduce a tax incentive that would boost job creation in the manufacturing and corporate sectors.