Saskatchewan shows profit in the first quarter
The First Quarter Financial Report, released today by Finance Minister Ken Krawetz, shows revenue is up $11.8 million (0.1 per cent) from budget, primarily due to higher oil revenue.
`Saskatchewan`s economy is resilient and continues to perform well in 2013, with stronger-than-expected employment growth and higher oil prices,` Krawetz said. `Through the first quarter, Saskatchewan`s economy and finances remain on track. And while it is too soon to know the specific impact, we have reduced our potash revenue forecast by $21.3 million, largely to reflect uncertainty stemming from recent global potash market developments.`
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