The 2016-17 Provincial Budget continues the Saskatchewan government’s significant investments in programs and partnership initiatives that help First Nations and Métis people access economic and educational opportunities.
For the first time in Saskatchewan history, the Highways and Infrastructure Budget tops $1 billion. This marks another record investment in provincial roads and infrastructure.
Government to Look at Reducing Number of Health Regions, Cutting Administration Costs
Record funding for municipal revenue sharing highlights the $406.3 million in direct government support to Saskatchewan’s municipalities in the 2016-17 Provincial Budget.
More than $3.5 billion is being invested in infrastructure projects through the Saskatchewan Builds Capital Plan and by the province’s Crown corporations in 2016-17.
The Government of Saskatchewan has put student success and safety at the top of its priority list by increasing its overall investment in Education by 7.8 per cent to a total of $2.2 billion. This includes $391.4 million for capital investments.
The Ministry of Agriculture’s Budget for 2016-17 will increase by 7.5 per cent for a total of $389.8 million. This includes $254.6 million to fully fund business risk management programs, a $14.6 million increase from the previous year.
Province Maintains Post-secondary Investments to Keep Saskatchewan Strong
Economy Expected to Rebound in 2017
The Government of Saskatchewan is now taking applications for First Home Plan. This new initiative allows eligible post-secondary graduates to borrow up to $10,000 of their unused Graduate Retention Program (GRP) tax credits to put toward the down payment on their first home. The plan will help recent graduates who have the income to qualify for a mortgage, but may be having challenges saving for a down payment.