Overview

• Revised 2025–26 forecast shows $20.9 billion in revenue against $21.2 billion in expenses after a spring projection of a $12 million surplus.
• Revenue is $172 million below budget, including a $163 million drop in SaskPower net income tied to the halted carbon levy on power bills.
• Non‑renewable resource revenue is projected $30 million lower due to weaker oil prices and a stronger Canadian dollar.
• Expenses are $189 million above budget, led by an $80 million increase for wildfire response and a $115 million pension actuarial adjustment.
• The government plans a special warrant on Aug. 25 for wildfire costs, continues talks with Ottawa on industrial carbon pricing, and projects net debt‑to‑GDP at 14.5% by March 2026 with strong credit ratings.