Saskatchewan's Premier Wall gives notice of MASSIVE GOVERNMENT SPENDING CUTS!
"Seeking efficiencies and cost-saving measures and reducing the rate of spending growth in government departments as part of the 2008-09 budget development process and legislating an annual review of government spending practices within the new Saskatchewan Growth and Financial Security Act, which will be introduced in December;"
Sask Finance News Release
"The Saskatchewan Party government says the province expects to rake in an extra $1.2 billion in revenues than it budgeted for — but the news in its mid-year financial report isn't all good. Finance Minister Rod Gantefoer says even though the revenue forecast is way up, operating expenses are, too. The operating expense for 2007-2008 is now forecast to be $8.04 billion, up about $247 million from the budget."
So in a nutshell ... here is the premise of Brad Wall's PHONY financial crisis ... Revenues are up, $1.2 Billion MORE than expected and Expenses are up, $247 Million higher than expected! This is a crisis???? (nice try Brad!)