Wall tells Saskatchewan residents to brace for tax increases in deficit budget
REGINA — Saskatchewan Premier Brad Wall says there will be tax increases in the provincial budget as part of the government’s three-year plan to balance the books.
It’s the first time Wall has put a timeline on the government’s effort to tackle a ballooning deficit that he now says could be about $1.3 billion.
“(If) we want to eliminate it in three years, we still then have to make very difficult decisions on the revenue and expenditure side — and we will,” Wall said Monday.
“We wanted to get to a balance. We wanted to have a transparent plan to get to balance … but also didn’t want to shock the economy.”