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Sask. finance minister reports $600M revenue shortfall

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Saskatchewan's finance minister said lower income tax and corporate taxes are partially to blame for $600 million in lost revenue.

By Lauren Golosky

Expect a bigger deficit, perhaps even in the billion dollar range.

Saskatchewan’s Minister of Finance Kevin Doherty said the province has lost $600 million in revenue.

“What that reflects is we have lower income tax coming in, lower corporate tax, fuel taxes are down, consumption taxes – that being the provincial sales tax – are down,” he explained.

“All combined, our forecast right now is down about another $400 million in this fiscal year since I brought out the budget... // Read Full Article


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