The Honourable Ken Krawetz Deputy Premier Minister of Finance

Sa skatchewan Provincial Budget 11-12 T h e Sa s k a t c h e w a n A d v a n t a g e

B U dget S U M M A R Y

MINISTER’SMESSAGE

Today, it gives me great pleasure to table the 2011-12 Budget and supporting documents for public review and discussion.

Saskatchewan is blessed with many advantages as we open the 2011-12 fiscal year. We are expected to lead the country in economic growth, our population continues to grow and our employment picture remains bright.

Both the national economy and global markets for our commodities are making real strides in recovering from the downturn of a year ago, both of which spell greater prosperity for our citizens in the months ahead.

In that regard, we are a different place from most other provinces in Canada. Where many others will bring down deficit budgets this year, we are delivering another balanced budget.

Where other provinces will struggle to maintain public programs, we will enhance health, education and social services supports.

And while other jurisdictions will see total debt loads go up as a result of financial pressures, Saskatchewan’s debt will fall, and with it the cost of financing debt.

This is more than just an accounting concept. It means more money available to meet the needs of Saskatchewan people, whether that’s building hospitals and schools or investing in improved educational outcomes for our least advantaged citizens.

Saskatchewan is blessed with so many advantages – our abundant natural resources, our beautiful pristine environment, our sense of community, our unique prairie lifestyle, and our greatest advantage of all – Saskatchewan people. All of this together adds up to the Saskatchewan Advantage.

This Budget is about building on that advantage to create a better quality of life and more opportunity for all citizens of Saskatchewan.

We are making life more affordable for individuals and families by leaving them with more money in their possession through lower income taxes. We have raised the personal exemption, the spousal exemption, and the exemption for dependent children.

Everyone in Saskatchewan who is currently paying income tax will see their tax burden reduced. When combined with other tax measures we have introduced since 2007, a family of four with an income of $50,000 will realize a savings of $2,447 a year. An estimated 114,000 Saskatchewan residents will see their provincial income tax bill reduced to zero in 2011.

When you combine this year’s tax reductions with the low income tax credit introduced by our government in 2008, a family of four in Saskatchewan will pay no tax on their first $45,550 of combined income. That’s the highest income threshold in Canada. In other words, that family can now earn more tax-free income here than any place else in Canada. Building the Saskatchewan Advantage is also about promoting economic growth and job creation by reducing taxes for business. Small business is a key element of the economy and we want to foster a culture of entrepreneurialism and risk-taking in Saskatchewan. Accordingly, this Budget will cut the small business tax rate by more than half.

This Budget is also about keeping our promises. Two years ago, we began the process of reducing the longstanding burden of unreasonably high taxes for education levied on property.

We are completing our commitment this year with the second phase of education property tax relief. We will provide an additional $56 million which further reduces the mill rate for residential homeowners, farmers and businesses.

We are also moving to complete the commitment we made to our municipal partners two years ago. At that time, we promised to share the value of one percentage point of the Provincial Sales Tax with municipalities.

We began with phase one of the commitment at that time and we are delivering the remainder of it today. As a result, municipalities will receive $216.8 million in revenue sharing in 2011-12, an increase of more than $90 million since we took office.

We have been fortunate in the past year as the pace of recovery has gathered strength. This has allowed us to make more than $400 million of much-needed infrastructure investments in the final quarter of 2010-11, as well as new investments in our valued public services this year.

This Budget shows increased investments in health care, in education, in our post-secondary institutions and in child welfare services. As a result, we can expect to see enhanced treatment for cancer, improved educational opportunities for our First Nations citizens and a new, more co-ordinated approach to child welfare issues.

These new investments are also part of the Saskatchewan Advantage.

This Budget looks to the future in funding an ambitious innovation agenda. In particular, we are embarking on a new era of nuclear research in Saskatchewan to capitalize on the value of our natural resources. We are setting a goal of becoming a leader in the field of nuclear engineering, materials science and nuclear health sciences.

There has never been a more exciting time to live in Saskatchewan. In a place that has long been known as Next Year Country, we have turned the page.

Our time is now.

That’s the Saskatchewan Advantage!

Honourable Ken Krawetz Minister of Finance TABLEOFCONTENTS

MINISTER’SMESSAGE

GOVERNMENT DIRECTION FOR 2011-12 ...... 6

TECHNICAL PAPERS Saskatchewan’s Economic Outlook ...... 28 General Revenue Fund Financial Outlook ...... 37 General Revenue Fund 2010-11 Financial Update ...... 49 Saskatchewan’s Tax Expenditures ...... 50 2011 Intercity Comparison of Taxes, Utilities and Housing ...... 54 2011-12BorrowingandDebt ...... 60 GrowthandFinancialSecurityFund ...... 65 DebtRetirementFund ...... 66 2011-12RevenueInitiatives ...... 67 Reducing Education Property Taxes ...... 71 Saskatchewan’s Children and Youth Agenda ...... 73

GENERALREVENUEFUND(GRF)FINANCIALTABLES GRF – Statement of Operations and Accumulated Deficit ...... 80 GRF–StatementofChangeinNetDebt ...... 80 GRF–StatementofCashFlow ...... 81 GRF–ScheduleofRevenue ...... 82 GRF–ScheduleofExpense ...... 83 GRF–ScheduleofDebt ...... 84 GRF – Schedule of Borrowing Requirements ...... 85 GRF–ScheduleofGuaranteedDebt ...... 86

SUMMARY FINANCIAL STATEMENT (SFS) FINANCIAL TABLES SummaryStatementofSurplus ...... 88 Summary Statement of Accumulated Surplus ...... 89 Summary Statement of Change in Net Debt ...... 90 Summary Schedule of Pension Liabilities ...... 90 Summary Schedule of Tangible Capital Assets ...... 91 SummaryScheduleofDebt ...... 92 Notes to the Summary Financial Budget ...... 93

SASKATCHEWAN PROVINCIAL BUDGET 11-12 GOVERNMENT DIRECTION FOR 2011-12 6 Budget 2011-12 | Budget Summary htsteSsacea Advantage. Saskatchewan the That’s apart. Saskatchewan sets that budget a is It years the ahead. in and now budgets Balanced services. government Improved debt. Reduced taxes. Lower taxes. reducing by people Saskatchewan for affordable more life make our and strengthen economy to continue will budget this And debt. its reduce increase, will loads Saskatchewan debt their see will others While services. public improve will Saskatchewan programs, maintain to struggle others While surplus. a post will Saskatchewan deficits, recording are others While year. this the world industrialized and Canada throughout see most will unlike we budget others a deliver to able is government our advantages, tremendous these of Because Saskatchewan people. – people our all, of advantage greatest our and lifestyle, prairie unique our community, of sense our environment, clean our economy, growing our resources, natural abundant – advantages our many so with blessed is Saskatchewan : 2 1 - 11 0 2 r o f ADVANTAGE n o i t c e SASKATCHEWAN r i D THE t n e m n r e v o G eueadpopru akthwn leading Saskatchewan, prosperous and secure A Vision Government’s iefrall. for of life quality high a for opportunity providing while growth, population and economic in country the rvnei losoigasrn oiietrend. positive strong a showing also our is to province migration Net 2010. in highs historical reached employment and finding Population opportunities. and province our to moving are People indicators. economic key of host the a lead in again nation to expected is and growth economic strong of period a experiencing is Saskatchewan reality. a becoming is vision Government’s ore ttsisCanada Statistics Source: ore rvt oeatr rmmjrbanks major from forecasters Private Source: RWHI SASKATCHEWAN IN GROWTH EMPLOYMENT AND POPULATION Thousands Per Cent FORECASTERS) SECTOR (PRIVATE CANADA ACROSS FORECASTS GROWTH GDP REAL 1,000 1,010 1,020 1,030 1,040 1,050 ouain uy1 July Population, 970 980 990 0 1 2 3 4 5 0 2005 01Forecast 2011 2006 ouainEmployment Population 2007 2008 02Forecast 2012 2009 Employment 2010 CANLPENSNBQCONMBSKABBC

0 470 480 490 500 510 520 530 Thousands Budget Summary | Budget 2011-12 7 NLPENSNBQCONMBSKABBC 0

80 60 40 20

-20 -40 e Cent Per GROWTH IN INTERNATIONAL GOODS EXPORTS, 2005-10 Source: Statistics Canada Other economic indicators: retail and new vehicle sales, housing starts, building permits, wholesale trade, and average weekly earnings were alllast positive year. Saskatchewan ranks 1st or 2ndCanada across in growth rates over thethese last major five economic years indicators. in For more information, see “Saskatchewan’s Economic Outlook.” With the anticipated increase in both privatepublic and sector investment in 2011, totalinvestment capital in the province will have grown91.5 by per cent since 2005, theCanadian highest provinces. growth across Saskatchewan’s international trade is also booming, a sign of great strength considering the impacthigh that Canadian a dollar can have onThe international trade. following chart shows that Saskatchewan has been a clear leader across Canada. 2010 2008 Public 2006 Private 2004 2002 2000 0

8,000 6,000 4,000 2,000

18,000 16,000 14,000 12,000 10,000 Conference Board of Canada Provincial Outlook – Winter 2011 “Saskatchewan is set to enter a periodeconomic of prosperity, anchored by prolonged large-scale development of the potash industry and steady gains in the energy sector. The attractiveness of the province will continue to lure more people to the province,international mainly migrants. new These factors will lift Saskatchewan’s economy into first place among provinces, with real GDP growth of 3.9in per 2011 cent and 4.5 per cent in 2012. The outlook for 2013 to 2015average is annual also growth bright, of with 3.6 per cent forecast.” Dollars of Millions Source: Statistics Canada The record level of public andthat private investment occurred in Saskatchewan in 2010 issurpassed again set in to 2011. be Total capital investment is expected to grow7.2 by per cent and reach a record high of $17.0As billion. shown in the graph below, theinvestment majority comes of from that the private sector, at 79 per cent. PRIVATE AND PUBLIC INVESTMENT INTENTIONS, 2000-11 8 Budget 2011-12 | Budget Summary oenetoperations. government executive fund to no money is borrow there to years requirement thirty in time first the For 2007-08. since cent, per 44 total or a billion, for $3 million, of $325 reduction further a by debt the will reduce government the year, This debt billion. Fund $2.6 Revenue by General the down paid it 2008, in resources additional had government the When programs. government tax necessary to and dedicated reductions be to funding more costs) (interest allows debt which the service to required less that is means money This in strength. when economic do of to period thing a right the is debt down Paying REDUCTION DEBT February. tabled were in which Budgets 2011-12 their in forecastingdeficits are neighbours western our of Both positions. surplus their regain to challenge a it finding are territories and provinces Canadian world. Other the around countries and occurrence states common provinces, a in not is This reserve. in significantrevenues with budget balanced a has Saskatchewan APPROACH AND BALANCED A BUDGET BALANCED A ore iityo Finance of Ministry Source: NEETT D AI (%) RATIO GDP TO INTEREST Per Cent 0 1 2 3 4 1981 1991 2001 2011 noetaxes. income personal reducing by and affordable rate more tax life income makes business small the reduces also It levels. tax property education reduce to commitment platform election the completes Budget This so. do to reasonable is it when further, even tax load the reduce and rates provinces tax other keep with competitive to is plan The in manner. sustainable taxes reduce a to ways finding is Government This TAXES LOWER strength. economic Province’s is the and of management indicator fiscal another good of of result cent a per is a GDP as debt in trend downward continual A volatile, relatively economy. a resource-based in operate we as base revenue our to shocks and emergencies unforeseen deal province with the helps Fund Security Financial Growth and the in funds Having financial reserves. significant in has resources also it load, debt and its books reducing its balancing Saskatchewan is only Not OENETDB SA%O GDP OF % A AS DEBT GOVERNMENT ore akthwnPbi consand Accounts Public Saskatchewan Source: Per Cent 10 15 20 25 30 1997-98 0 5 akthwnPoica cnmcAccounts Economic Provincial Saskatchewan 26.8 2001-02 22.7 2005-06 16.5 2009-10 7.2 Forecast 2013-14 5.1 Budget Summary | Budget 2011-12 9 2011 5,514 2007 Spousal/Equivalent 8,945 14,535 Dependent Child 2,795 Basic Personal $ 8,945 $ 14,535 ENHANCED INCOME TAX CREDIT AMOUNTS Lower Taxes for Families In October 2008, the Government announced the largest single-year income tax reduction in Saskatchewan’s history. The basic and spousal income tax exemption amounts increased by $4,000 each and the dependent child exemption increased by $2,000 per child. In addition, the Government has ensured thatprovincial income the tax system has remained fully indexed to the national inflation rate. The 2011-12 Budget announces further increases to these income tax exemption amounts. Thespousal basic income and tax exemption amounts will increase by another $1,000 and the exemptionchildren for will dependent increase by $500 per child. This increase will raise the basicexemption and amounts spousal to $14,535 and thechild dependent amount to $5,514 per childIt for will the save current Saskatchewan year. taxpayers an$60 estimated million per year. As a result of the personalintroduced income since tax 2007, reductions an estimated 114,000 Saskatchewan residents no longer pay provincial income tax. When combined with the significant enhancement of Saskatchewan’s refundable low-income tax credit in 2008 and the indexation oftax the system, personal these income measures are providing over $400 million in tax savings forresidents Saskatchewan in 2011. dropping the mill rate on7.08 agricultural land to from 3.91, a reduction of $31.3 million; $18.7 million); and, 14.75 (for $5.6 million). Thisdecrease is than a originally greater promised to thecommunity. business Honouring the Commitment to Lower Education Property Taxes Upon taking office, this Government recognized that the way education is funded into this change. province Less needed reliance needed toproperty be tax placed as on a source of funding. Investments were made in the 2009-10 Budgetbegin to addressing this concern. $103 million was injected into the education system which provided the largest single-year property tax reduction inprovince’s history. the A further reduction planned for last yearpostponed when had potash to revenues be faltered. With revenues stabilizing and the economy back onthe track, commitment will be met. This Budget provides $55.6 million in education property tax relief which will reduce: • the tax burden for agricultural producers by • residential mill rates from 10.08 to 9.51 (for • the middle commercial mill rate from 15.75 to The Government will now pay aof much the greater cost share of K-12 education:provincial 65 funding per sources cent and from 35 per centproperty taxes. from For more information, see the paper“Reducing entitled Education Property Taxes.” 10 Budget 2011-12 | Budget Summary fodbeadssanbet os ihnabalanced a budget. within so do to is sustainable it and as affordable taxes lower to continue will Government monitored. be to continue will competitiveness tax Saskatchewan’s owners. business of the needs to responsive is and listening is Government employees. their and businesses their who into owners, reinvest business generally small to savings tax annual million in $80 estimated an provide will measure This incentive. entrepreneurial strong a providing and sector business tax small Saskatchewan’s the of improving country, competitiveness the in lowest third rate the tax business to small the take will reduction This 2011. 1, July effective cent, to per cent 2.0 per 4.5 from rate Tax Income Corporation business small the reduces Budget 2011-12 The small businesses. Saskatchewan for reduced being also are Taxes Taxes Business Small Lower papers. budget Housing” and Utilities Taxes, of Comparison Intercity “2011 the and Initiatives” Revenue “2011-12 this the in see made Budget, changes tax on information more For pay will $75,000 earning family two-income A • pay will $50,000 earning family two-income A • $1,153 pay will $25,000 earning person single A • Canada: in levels lowest tax the provincial of some have families Saskatchewan and changes, individuals tax these of result a As oettxlevel. tax second lowest the taxes, provincial total in $4,117 and, lowest level; second tax the taxes, provincial total in $906 tax lowest level; second the taxes, provincial total in o ute rwhadprosperity. and engine growth the further – for economy our in investing is Government GROWTH FOR ENGINE ECONOMIC cinPlan Action under into entered were projects” “stimulus additional while Province the by maintained was infrastructure in investment large this 2009-10, In 2009. of February in million $500 additional Growth for the Ready revenues, increased of fortune good the With growing a population. and economy growing a support to ready were communities and highways hospitals, and schools our ensure to investment fundingnecessary of level unprecedented an was This 2008-09. in billion $1 the with starting years, three past the over infrastructure province’s our in heavily investing been has Government Future our in Investments – Infrastructure as such infrastructure. growth, further to lead will economy that our of areas key in investments makingstrategic on focusing been has Government The INVESTMENTS STRATEGIC rwhaddevelopment. population and growth and economic of challenges the meet to Saskatchewan positioning and growth for ready is economy the ensuring people, Saskatchewan of benefit the for growth economic Sustain Goal Government’s ihtefdrlgovernment. federal the with netetwsbotdb an by boosted was investment ed o rwhInitiative Growth for Ready –a Canada’s Budget Summary | Budget 2011-12 11 CANLPENSNBQCONMBSKABBC 2010 2009

4 3 2 1 0

Centre; spaces; and, and projects; public safety, courthouses, and security upgrades; oil and gas system renewal; and, -1 -2 -3 -4 e Cent Per Source: Statistics Canada PER CENT CHANGE IN EMPLOYMENT ACROSS CANADA, 2009 AND 2010 Additional revenues at the end ofdirected 2010-11 to were projects such as: • $60.0 million for school• capital projects; $50.0 million for the Academic Health Sciences • $49.3 million for long-term• care facilities; $41.6 million for housing and group home • $23.5 million for rural municipalThe roads. total 2010-11 capital budget afteradditional these investments was $1.162 billion. A number of major capital projectsnew are provided funding with in the 2011-12 Budget: • $134 million in municipal infrastructure grants • $33.5 million for capital related to corrections, • $15.9 million for school• capital projects; $11.3 million for the PRIME project related to • $9.3 million for parks, up by $4.4 million. not an on-going investment likespending. other These program projects are therefore onebetter of ways the to spend unexpected revenues. government as well as additionalfrom investments industries. construction companies and trades working in the province, hiring people, who thengoods pay and for services in theircreating local a community, stronger tax base toprogram spending. support necessary highways, bridges, and government-owned facilities that are in needdue of to repair or limited replacement attention onprevious these years. facilities in Our universities will be ablescientists to and attract researchers academics, that will spurinnovation more and excellence in our province. support our businesses in getting theirto products markets around the worldbusinesses and to will the attract province, creating jobsspurring and more activity and growth. Government has made a total investment$4.04 of billion over in the last fourcommitment years to and infrastructure the funding continues. There are several reasons for continuing this approach: • Infrastructure projects are “one time funding,” • This approach can lever funding from the federal • It can “stimulate” the economy – by keeping • It serves to improve the infrastructure “gap” – • It also prepares our economy for future growth. • Similarly, the Global Transportation Hub will Government’s investment decisions have helped Saskatchewan weather the storm and thesupports data this. When all other provinces were struggling to maintain employment levels, our province was the only one toemployment post in positive 2009. 12 Budget 2011-12 | Budget Summary trg aaiyi epnet utmrdemand. customer to response in capacity its increasing storage on focus will SaskEnergy 2011, In focus. a be to nraigsoaecpct,adptignwpipelines new putting and capacity, storage increasing technology, upgrading by population Saskatchewan growing the service to required infrastructure utility the expand to continue will SaskEnergy system. the of security long-term ensure and reliability to sector the private the with partner to intends SaskPower and infrastructure the electrical Province’s in re-investment major a requires challenge The electricity. more require and growth economic experience to expected is Saskatchewan where period a during technologies cleaner expensive, more with replacing infrastructure of aging challenge the with faced is SaskPower demand. in growth meet to and technology renewable innovative, in investment for providing also while quality services high and reliable safe, ensure to infrastructure current the in reinvestment for provides capital This SaskEnergy. and at SaskTel SaskPower, primarily infrastructure capital up in billion invest $1.2 to forecast to is sector Crown the 2011, In Investments Capital Crown utilities and roads for funding in million $5 • approximately of increase an million, $129 • capital and repaving highway for million $285 • Infrastructureprovides: and Highways for Budget 2011-12 The eoeyadtetasotto fCO of transportation heat the waste and recovery as such initiatives Growth ground. the in uprigteGoa rnprainHub. Transportation Global the supporting and, bridgeinfrastructure; and road on work maintenance and restoration continue to million $1.9 projects; infrastructure 2 ilcontinue will opee yOtbro 2011. of October by completed be to expected are which program” stimulus “economic federal-provincial the under projects including million $70.3 is programs infrastructure federal-provincial-municipal for funding Total 2007-08 Budget. the from million $89.5 by increased has sharing Revenue required. as use to municipalities for system municipal the into much-needed funding unconditional injects year, last over cent per or 29.5 million $49.4 of increase an investment, This Public Accounts. 2009-10 the on based of Tax, point Sales Provincial full one to equal sharing revenue municipal provide to commitment Government’s meeting 2011-12, in provided is million $216.8 municipalities. for sharing revenue improve to commitment platform Government’s completes fully Budget This SHARING REVENUE COMMITMENT TO THE HONOURING Saskatchewan. in resource strategic this develop they to water need the have developments mining new and existing ensure to Saskatchewan in industry potash expanding the with work to continues SaskWater Saskatchewan. wireless of cent coverage per 98 provide will which 2011 in Program Infrastructure wireless Rural 4G the the and out network roll to continues it as investments infrastructure large make to continue will SaskTel petajoules capacity. 3 storage to of up provide storage to a expected to is field operation gas natural depleted a of conversion This Rosetown. of west field storage joint- venture first its develop SaskEnergy see will Ventures, Energy FARO with partnership in opportunity, One Budget Summary | Budget 2011-12 13 Laboratory in Regina for theand benefit research of institutions; industry Canadian Light Source Synchrotron (an increase of $1.6 million); capacity at the Saskatchewan Research Council; Initiatives Fund; universities to support companies’ research needs and commercialize technologies; and, Chair in Water Security (an increase$300,000) of as part of aprovincial seven-year, $10 commitment. million • $2.8 million to expand the Subsurface Geological • $2.6 million for operating funding for the • $1.5 million funding increase to support research • $1.0 million for a new Strategic Innovation • $480,000 for TRLabs to work with local • $500,000 for the Canadian Excellence Research This Budget provides funding for the provinceproceed to with a new Renewable Diesel$2.6 Program. million in new funding willto annualize $5.2 to million up in the following year. This program will provide a subsidy ofper 13 litre, capped cents at 40 millionSaskatchewan litres producers per of year, to renewable diesel fuel. This targets a 2 per centprovince blend by inclusion July rate of in 2012. the Incremental funding of $15.2 million is alsofor provided the Ethanol Grant Program ($24.0 millionbased total) on the reinstatement of the2010-11. program in development, including $1.25 million in new funding for Agricultural Biotechnology Research; to support research projects of Saskatchewan’s universities; including $2.3 million for theTechnology Petroleum Research Centre to undertake petroleum research projects; Funding was provided in March of 2011Academic for Health Sciences the building ($50 million) and the InterVac facility ($5.7 million) bothUniversity at of the Saskatchewan campus. The Academic Health Sciences facility will train more health professionals to meet the Province’s health care demands and strengthen Saskatchewan’s health research capacity. Crown Investments Corporation (CIC) continues to support the innovation agenda through its funding of the Institute for Nuclear Studiesof at Saskatchewan the ($30 University million over three years). Funding of $10 million is alsocyclotron provided research for centre the at new the UofS andfor $4 a million new PET/CT (Positron EmissionComputed Tomography – Tomography) facility in Saskatoon. Other investments to support innovation include: • $18.2 million for agricultural research and • $11.5 million in innovation and science funding • $3.2 million for energy industry research, INNOVATION In 2011-12, $57.2 million in federalfunding flow-through for the Gas Tax Program willmunicipal allow infrastructure projects more to proceed. Funding of $5.5 million is providedSaskatchewan to Infrastructure the Growth Initiative to maintain commitments to provide five-year interest-free funding for municipal development and to extend the program to recreational infrastructure. 14 Budget 2011-12 | Budget Summary eptxslwr udncsaysrie,make services, necessary to fund lower, ability greater taxes keep has Province the base, tax growing With a growth. more for economy the stimulate that further services and goods homes, purchasing a create of They cycle families. their support to jobs good sustaining and workforce the into more moving is people Advantage LIFE Saskatchewan the OF to key The QUALITY BETTER A rvne vdne ytepplto growth population the by our evidenced province, about learning are Others life. good of quality a have we know already people Saskatchewan life. of quality our improve and investments, further n mirto rmohrpoicsadother and provinces other from immigration and idn hi ed r en e,rgthr in here right Saskatchewan. are met, they being and are – needs family their a finding raise and work live, to safe place a and opportunities seeking are People countries. xadn ealmresnrho h border.” the rapidly of eye north they markets as retail Canada, expanding in shop up set to up gearing are companies U.S.-based of number A way… under projects exploration and expansion multibillion-dollar several by propelled high, time all- an at is spending investment Non-residential elevated… remain to forecast are starts boom. Housing housing a fuelling province, the to workers lure to continue opportunities employment Bright this year… country the in growth economic strongest the post to poised is province “breadbasket” Canada’s way the leading – “Saskatchewan 2011 Winter – Outlook Provincial Canada of Board Conference n epme h ead fagoigeconomy. growing a of demands the meet communities help our and enrich to province, our to new people attract to continue we be ensure will to work undertaken more and off paying are several years last the over immigration increase to Efforts very a trend. following positive is province the to migration Net Saskatchewan to Immigration Increasing home. their Saskatchewan make that all with prosperity increasing this share to intends Government E MIGRATION NET ore ttsisCanada Statistics Source: Number of People (000s) rmtegoigeconomy. growing the from benefit Saskatchewan of people the their ensuring in future, confident are people where family and a live raise to place safe a as Saskatchewan Secure Goal Government’s -15 -10 10 15 -5 0 5 1999 2001 ne-rvnilNtMigration Net Inter-Provincial oa e Migration Net Total nentoa e Migration Net International 2003 2005 2007 2009 Budget Summary | Budget 2011-12 15 spaces, to a total of 12,700 spaces; 500 new child care spacesdesignated of to which post-secondary some institutions; will and, be existing schools. This funding is in$2.6 million addition in to operating funding toadditional 40 support PreK an programs. Saskatchewan’s universities, SIAST and the Regional Colleges to an average of three per cent; commitment for the new Saskatchewan Advantage Scholarship, for a total provincial investment in scholarships of $5 million; and, Since 2007, funding to schools has$215.1 increased by million. School operating funding will increase by 2.3 per cent or $36.4 million in 2011-12. Increased funding will be provided for the following: • $2.1 million to develop 500 new child care • $4.0 million to support the development of • $2.0 million to develop PreK programs in The province now has a totaltargeted of to 270 high PreK needs programs, areas, to serve4,320 approximately children aged three and four years old. Post-Secondary Education and Training New funding of $6.2 million willcontinued provide expansion for of the physician and nurse training seats as committed to in the election platform. This Budget also provides $1.8 million infunding to provincial continue support for apprenticeship training seats. Total funding of $19.7 millionmaintain will 5,333 seats. The Budget also provides more than $125ensure post-secondary million affordability to and accessibility for Saskatchewan students. Those investments include: • $24.6 million to limit tuition increases at • $3 million to fulfill the first year of the platform Improving educational outcomes is a priority forGovernment the of Saskatchewan. A strong education gives young people thein best life start and provides a widerfor range our of young opportunities people as they enter the workforce. Education is the key to gainingSaskatchewan access Advantage to – the and we wanthaving more access people to an affordable and higheducation. quality Government is monitoring how many K-12remain students in school through grade 12 andthose students how go many on of to post-secondaryare training. also We monitoring student performance and achievement to determine where changes can be made to help our students achieve greater success. Those that need additional support will receive$1.0 it. million in new funding isintensive provided supports for for enhanced children with disabilities and learning difficulties. Changes to the education funding formula areunder still development. Government is looking for the best possible solution for equitable distribution of increased funding to the school divisions tobetter support education. INVESTMENTSINEDUCATION–PRIORITY #1 The Province’s $14.7 million immigration budget includes $1.8 million in new fundingsettlement for and additional integration supports. The Ministry of Education will receive newof funding $2.0 million to support newclassroom students and in their the teachers through the English as an Additional Language program. 16 Budget 2011-12 | Budget Summary h lnicroae taeisfrcide and children for strategies incorporates plan The dcto n mlyetsces uimand Autism success, employment and education Métis and Nations First Welfare, Child determinantsaffecting key improving on focus which youth Agenda Youth and Children Saskatchewan’s families. and youth children, Saskatchewan facing issues complex the to approach new,cross-government a – Agenda Youth and the Children for Saskatchewan million $34 includes Budget 2011-12 The OUTCOMES SOCIAL TO IMPROVE APPROACHES INNOVATIVE bursaries. in $200,000 nearly this awarded years, has fiscal program two past the In bursaries. multiple receiving students some with awarded, been bursaries have 656 date, to inception program’s the From semester. fall the for 61 and winter semester the for awarded bursaries 2010, 64 were In year. there academic full per $5,000 or per semester $2,500 receive can students program, the Under College. Lakeland include to expanded was the program 2010, bursary In colleges. affiliated and SIAST and Technologies Indian of Institute Saskatchewan Saskatchewan,the of University the Regina, of University the at students qualifying for assistance financial provides Program Bursary Aboriginal CIC The through students for support in million $97.8 • akthwno oet h rvnefrom province elsewhere. the to move or Saskatchewan in live already an who from program, graduates approved for fees to tuition up of of $20,000 rebate a provides program This Program. Retention Graduate the and Benefit Training Skills the Allowance, Training Apprenticeship the Allowance, Training Provincial the Bursaries, Grants, Scholarships, Loans, Student hr r ihsca n cnmccosts economic and social high are There • matter. health of determinants Socio-economic • a make really Supports Family and Individual • people Métis and Nations First with Engagement • with differently work to needs Government • early including years, early the in Investment • all with theme underlying key a is Prevention • taking for evidence of base strong a is There • and sectors, across common are clients Many • youth: and children Saskatchewan’s assisting to approach government-wide a of development support that factors several are There Agenda. Youth Saskatchewan and the Children support to violence and crime of reduction the and Disorder Spectrum Alcohol Fetal xedtrsb ua evc ministries. service human by increasedexpenditures to addition in communities, and families individuals, for inaction with associated and, addressed; be to need settings community and family unsafe unemployment, parenting, of lack addictions, disability, housing, poverty, with associated Challenges and, outcomes; client to difference communities; and culture appropriate to are solutions ensure to essential is and leadership responsibility; shared attain to others and Métis Nations, First stakeholders, community impact; long-term and positive a have will care, and learning development, childhood sectors; across and strategies the action; abuse; or violence maltreatment, abuse, substance issues, health mental levels, poverty, education by lower affected unemployment, be can ministries Clients of services. number and a with closely interact they Budget Summary | Budget 2011-12 17 2010 Throne Speech Government is committed to improving educational outcomes for our First Nations and Métis students. The education of these students is aprecursor to crucial their full participation in themarket, labour and in Saskatchewan’s future prosperity. Ministries are working collaboratively with First Nations and Métis leaders. The goal is simple and profound: createbest a suited strategy to the needs ofstudents. this The important initial group of focus will be on early learners. Stronger Engagement with First Nations and Métis People Government has established as a priority, the elimination of the persistent gaps inemployment education outcomes and between First Nations and Métis people and non-Aboriginal people. As mentioned above, this can only beshared achieved ownership through of the challenges and byFirst Nations engaging and Métis people insolutions. finding innovative As part of the First NationsEmployment and strategy, Métis the Education Ministry and of Education is doubling funding ($1.4 million) for theand First Nations Métis Education Initiatives Fund. This funding will support school divisions with implementing educational outcome initiatives in their First Nations and Métis Education plans. School divisions are also being supported with $1 million to implement specific initiatives aimed at improving high school completion rates for Aboriginal students across the province. The investment in the Child Welfare Review, $15.3 million in 2011-12, is provided acrossministries the of Social Services; Health; Education; First Nations and Métis Relations; and Justice and Attorney General. The First Nations and Métis EducationEmployment and strategy will receive $17.1 million through the ministries of Education; Advanced Education, Employment and Immigration; and First Nations and Métis Relations. New funding of $1.6 million willAutism be Strategy dedicated and to Fetal the Alcohol Spectrum Disorder Strategy; total 2011-12 funding of $7.9$3.3 million and million, respectively, through the Ministry of Health. Through the Saskatchewan Police and Partners Strategy, the province has identified the reduction of crime and violence as asafety priority and for security ensuring of the Saskatchewan citizens. Beyond investments in police enforcement capacity contained in the 2011-12 Budget, human servicecarry agencies on will their collaborative work applying bestpromising practices and to reduce crime and violence. Funding under these strategies in 2011-12 is intended to address areas which have the most urgent need. Further details are available in the “Saskatchewan’s Children and Youth Agenda” budget paper. Overall, the Ministry of Social Services$197.8 will million, receive for child and family2011-12, services an in increase of 8.5 per cent. 18 Budget 2011-12 | Budget Summary o rainadeooi eeomn.The development. economic and creation job support to Saskatchewan in businesses Nations to First assistance financial provide will CIC by facilitated Program Development Business Nations First The northern among use youth. drug and rates objective suicide reduce the with to plan three-year a begin in $490,000 to receive funding will Plan Action Northern new A Strategy. Success Student Aboriginal the of implementation the support to for SIAST $600,000 investing as well as apprentices and Métis Nations First for outcomes improve to funding apprenticeship of $600,000 designating is AEEI education. their continue to need students and Métis Nations First support the provide to Allowance Training Provincial the and Education Basic for commitment Adult million $7 a provides Budget The people. Métis and Nations First for outcomes improved support to initiatives additional undertake will ministries cross strategy, ministry the of part as identified initiatives Beyond skills. readiness job meet develop and and set goals, school, financial in stay to students with work which partners community and education business, corporate, involve that communities Saskatchewan additional support to provided is $500,000 of funding new Saskatoon, in Development initiative Individual Accounts the of success the on Based o$750,000. $100,000 to from loans provide will program million $3 7mlint ei osrcino 2cell 32 a of construction begin to million $7 • implement to FTEs 24.5 and million $1.2 • for million $5.7 of increase an million, $104 • institutions: correctional costs in increasing support to provided also is Funding Database. Gang Western the the of continue redevelopment to and years, four over police officers 120 hire to commitment Government’s of last year the implement fully to million $5.2 including service, policing provincial the supports funding This services. policing for million of $13.2 increase an million, $167.5 receiving is Policing and Safety Public Corrections, of Ministry The Saskatchewan. across officers police of presence the to increase and systems corrections and justice our improve to made being are investments their Large in communities. safe feel public the in that ensuring play to role important an has Government program. Security Home Seniors’ to new and a province create the in officers police of number the increase to commitment platform Government’s complete to investments makes Budget This COMMUNITIES SAFER nPic Albert. Prince Centre Correctional in Grove Pine the to addition and, system; corrections adult Province’s the in security Ahead Road from recommendations three year priority programming; anti-gang expand to $500,000 and community caseloads supervision and custody increasing with deal (FTEs) equivalents to full-time 25 and million $1.9 of increases including Corrections, Adult cinpa oipoesft and safety improve to plan action The Budget Summary | Budget 2011-12 19 INVESTMENTSFORAHEALTHYSASKATCHEWAN Regional Health Authority (RHA) funding will increase by $250 million or 9.7year, per providing cent funding over for last health care professionals’ salaries, continued operations and drug and medical supply costs. RHAs will also receive funding toincreases address in volume diagnostic imaging (4,950 more MRI patients and 12,850 more CT patients), cardiacand care chronic kidney disease. New funding will support augmented kidney and bone marrow transplant programs, and the continued support of the province’s multi-year HIV Strategy. New initiatives are enhanced by funding provided at the end of 2010-11 tosooner, ensure through patients the receive Saskatchewan care Surgical Initiative. It is anticipated this funding willregions enable to health complete an additional 5,500 surgeries2011-12. in The Saskatchewan Cancer Agency will receive $12.6 million in new funding toas provide services chemotherapy, bone such marrow transplants and other drug therapies for new and existingThe cancer Agency patients. will also receive additional fundingcolorectal screening for to enhance supports for cancer prevention. New funding for the College ofstrengthen Medicine the will residency program by providing additional rotations at the Clinical and Medical Teaching Units in Regina and Saskatoon andfor funding faculty positions in the Department of Paediatrics. Provincial Disaster Assistance Claims; Seniors’ Home Security Program; and, Preparedness Program. $49.0 million, an increase of $3.2primarily to million maintain the quality ofProvincial Court the system and improvements in court security, including the creation ofAssessment a Unit; Threat $28.2 million, an increase of $2.1address pressures million in to Public Prosecutions and maintain core service delivery in CivilLaw; and Public Offender Response Program, which will monitor and prosecute serious offenders prior toqualifying their for consideration as Long-term or Dangerous Offender status; and, of the Aboriginal Courtworker program with emphasis on supporting child welfare cases,will and help northern women andabusive children in situations get transportation to shelters. Other public safety related programs are receiving support: • $14.6 million increase to complete 2010-11 • $500,000 to begin implementation of the new • $400,000 to expand work in the Joint Emergency The Budget also supports initiatives through the Ministry of Justice and Attorney General: • Courts and Civil Justice is allocated • Legal and Policy Services is allocated • $590,000 and six FTEs for the Serious Violent • Funding of $250,000 will enable further pilots 20 Budget 2011-12 | Budget Summary lnclcr rptet directly. patients or care clinical impact significantly to anticipated not are Reductions 2011-12. in savings to efficiency ways general identify generate to continue will RHAs addition, In purchasing. group of use increased the injuries, and to due lost time less management, overtime time, sick employee for targets operating through reduce costs to continue to regions asked the been 2010-11, have in success RHAs the on Building payments. Out-of-Province and Service, Fee-for- Services, Blood Canadian for increases cost and utilization address will funding Additional province. areas the rural of various in train will residents education where learning model distributed a support to and seats training medical post-graduate the 120 support of to continuation provided is million $5.0 of Funding nurses. new to 800 commitment hire its met has hired Government 2010-11. nurses in new the support to provided is Funding airplane. per crews two-pilot industry including with standards, line in services ambulance to air years) bring two (over equivalents full-time 15.0 hire to Services Government allow will $937,000 of Funding Saskatchewan. remote and patients injured rural critically in of needs the meet better service to ambulance air helicopter emergency new a million for $5 invest will Province the (STARS), Rescue Society Air Trauma Shock the with partnership In 2010. in launched use, tobacco reduce to strategy a Saskatchewan; Healthier a Building strategy, reduction tobacco provincial the support will funding This activities. cessation tobacco for years three over million $3.0 of commitment Government’s to provided meet be will $850,000 of funding Additional housing. of accessibility and affordability and the sector increasing housing the in efficiency removing to barriers on focus will strategy The province. across stakeholders the of number a with consultation in developed be will strategy housing comprehensive a that announced recently Government income. lower with those for issue an also is housing of Affordability strong growth. of population period and a economic in occurrence common a are that shortages housing address to helping is Government HOUSING TO APPROACH COMPREHENSIVE Transit the for increase) cent per 10 (a $292,000 • Saskatchewan the of 2 Phase for million $2.3 • with people of support in million $15.8 • includes: funding This utilization. program enhanced increased and and new programming for million $35.6 of increase an including provided, is million $274 Over disabilities. with people Saskatchewan for support and services core expands and maintains Budget 2011-12 The for drugs. paid generic rates the decreasing and parties recoveries third increasing from by achieved be also will Savings Program. (TAPD) Disabilities with People for Assistance inand, beginning 2010; month of per January $50 of increase benefit a including Program, Disability for Income Assured original the waitlist; beyond those to services to expand million $1.6 includes 440which four-year initiative the waitlist of three year for funding including disabilities, cognitive and intellectual Budget Summary | Budget 2011-12 21 Program. SARCAN promotes waste reduction initiatives in our province and provides important employment opportunities. $1.8 million of this funding is provided through the Go Green Fund. Government is committed to the sustainable development of the boreal region of northern Saskatchewan and to demonstrating due diligence for environmental protection in the north. $1 millionbeing is provided from the Go Green Fundthe to development of support a Boreal Water Management Strategy. CIC and subsidiary Crown corporations continue to support Government’s commitment to help Saskatchewan people “Go Green.” All Crowns, even those that dosignificant not greenhouse produce gas (GHG) emissions are required to identify performance measures and report annually on progress being made. CIC will continue to coordinate thecurrent reporting of GHG emissions from all of itscorporations. This Crown will serve as aCrown baseline sector for against the which the impact ofGHG future reduction programs can be measured and assessed. SaskEnergy is supporting Saskatchewan’s “Go Green” initiative through its goal to become netelectricity consumption zero by in 2015 as wellits as corporate reducing carbon footprint to meetGHG the reduction Province’s target by 2015. SaskEnergy has a number of initiatives underwayhelp to achieve these goals and increase efficiency including: flare gas capture; waste heat captureelectrical from generation stations; and compression equipment upgrades or replacements. $1.5 million to assist municipalities inefforts to their increase the supply ofhousing affordable in rental the province. This isdevelop up expected to to 300 rental units; and, help municipalities stimulate home ownership opportunities. It is estimated that uphouseholds will to receive 50 a grant infirst year. the program’s technologies to address greenhouse gas emissions, water conservation, biodiversity and waste reduction. This is the final year ofcommitment the for four-year, $40 green million initiatives from the saleNewGrade. of A total of $17 millionthrough will the be Go expended Green Fund ingreen Environment and initiatives funding in Energy and Resources. Government’s partnership with SARCAN continues with a $22.4 million grant toof support the their Beverage operation Container Collection and Recycling This Budget continues to implement Government’s platform commitment to promote the development and implementation of cost-effective environmental ENVIRONMENTAL SUSTAINABILITY New funding of $33.9 million wasFebruary announced of in 2011, for renovations and affordable rental housing projects in more than 100 communities across the province. More will be done to address this important need: • In 2011-12, the Province will provide • The Province will also provide $200,000 to The Headstart on a Home program2010 will Throne meet Speech the commitment to fund the construction of a minimum of 1,000homes new over entry five level years in Saskatchewan. The program will use funding from theImmigrant Investor federal Program to encourage the construction, making more housing stock available in Saskatchewan. 22 Budget 2011-12 | Budget Summary underway. currently process procured solicitation be competitive to a is through power wind of MW 175 an additional to up Plan, Options Green SaskPower’s Through Company. Power Algonquin operated by and Pacific Concord by owned is Wind Project Lily Red the economy, the in involvement sector private facilitate to direction Government’s the with Consistent system. the electricity province’s to power renewable clean, of megawatts 26.4 adds It operational. became Red Project the Wind 2011, Lily February In additional 2013. an by by megawatts province 200 the in power wind of the expand use to plan its implementing is SaskPower future. the for energy safe, secure ensure and affordable to and electricity of use and production sustainable the to committed is SaskPower Energy Secure Affordable, Safe, 94mlint h nrud budget. EnerGuide the to million $9.4 additional an … upgrades efficiency energy make to homeowners encourage to continue will that program new a develop to opportunity the spring… in down wind to scheduled EnerGuide With green clean, of megawatts power. 400 wind to up of total a 2015 to and now between double will capacity That capacity. power wind expanded of support through sustainability to commitment its demonstrating is Government Speech Throne 2010 sshdldt n nOtbr3,2013. 31, October on end to scheduled is program The program. the of costs communication and administration as well as EnerGuideProgram, the for qualify who homeowners those to payment the evaluations, home subsidized of the component cover to SaskEnergy million to $20 funding to in up provide to continue will CIC efficiency. energy to commitment Province’s the demonstrates and successful very as regarded is program EnerGuide The bills. energy lower and emissions GHG reducing in impact significant a make will that renovations comprehensive undertake to and available equipment mostefficient the to upgrade to homeowners encourage to enhanced been has program EnerGuide The Program Grant Houses for EnerGuide Saskatchewan roads. our on environmentally- vehicles more friendly of use and purchase the for incentives providing vehicles, efficient fuel other and hybrid for fees registration on and rebate premiums cent insurance per 20 a provide to continuing is (SGI) Insurance Government Saskatchewan rinks. community at bills power offset help can electricity self-generating if determine five to to years up for monitored be will sites demonstration The mid-2011. by operational to and expected installed turbines be wind with chosen be will sites demonstration Four rinks. community wind at installing turbines of benefits the exploring is Rinks for Project Electricity Self-Generated SaskPower’s Budget Summary | Budget 2011-12 23 Ministers’ Mandate Letters June 29, 2010 Dear Minister … Lastly, as we work to reducemust its be footprint, resolved we to renew and reformits government programs, – its services, and the waythey in are which delivered. Each of us needs to be challengedand to creative be – innovative to go beyond conventional thinking… An important initiative for our government willimplementation be of the workforce adjustment strategy to reduce the public service byover 15 four per years. cent My expectation is that ministers will actively support and monitor this transformation of the public service… Premier Brad Wall As part of the ‘public servicelaunched renewal’ last initiative spring, work is beingthat done Government to delivers ensure the services that theof people the province want and need,manner when, they and need in them. the Ministries were asked to adopt acontinuous culture improvement, of and to find innovative ways to be more efficient inservices. the delivery of public Public Service Renewal Government’s Goal Keep Government’s promises and fulfill the commitments of the election, operating with integrity and transparency, accountable to the people of Saskatchewan. Government has kept its promises. Acommitments large were number made of in the election platformthe and outstanding commitments to-date, have now been funded in this Budget. Government’s promise has also included a clear commitment to accountability and transparency. Direction provided to ministries and ministers inelection the platform, in annual Throne Speeches, andthe in Ministers’ Mandate letters (from 2007 andhave 2010) been acted upon and publicly reported. Government’s direction on its key priorities – whether they be related to economicimproving growth, the security and social outcomes of Saskatchewan people, or driving change in theservice – public is being followed bydelivery ministries, agents, third and party the Crown sector. Government is proving to be an effectiveservices steward of provided to the Saskatchewan public people. ACCOUNTABLE AND EFFICIENT STEWARDSHIP 24 Budget 2011-12 | Budget Summary aito ramnste require. of they number treatments radiation the reducing by reduction radiation cent to per exposure 50 in a see also will Breast patients begins. cancer therapy when radiation to for complete plan is the therapy time the reduction from cent time per wait 20 in a see will patients cancer Breast appropriate more using by services. week, transportation per 1 to week per 9 from MRIs, their receive to patients transport requiring for trips ambulance of number the also reduced RHA The resources. existing using scans year 650 additional per an perform to able The productivity. RHA’s was the region in increase representing cent week, per per 7 1 a to week per 12 from cancelled MRIs of number the reduced also region This to cent cent. per per 26 41 from shift a during patients spend with nurses that time the increased Ward Oncology Region's Health Qu'Appelle Regina the example, For of curve cost care. escalating health the bend to help may care and of safety and timeliness quality, the improving is projects Lean these through thinking Innovative system. health the in into leader thinking clear Lean a integrating been has Health of Ministry The projects. inter-ministry as and/or ministries their within projects Lean undertaken have ministries overwhelming. All been has request this to response The times. wait surgical in efficiencies further find therefore and care surgical through move patients how of understanding system-wide a working obtain been to have together RHAs and Health of Ministry The Tscmae ote21-1Rsae Budget. Restated 2010-11 the 273.5 to of compared decrease FTEs net a shows Budget 2011-12 The grow. to continued while has diminishing population been the has service public the the 2007-08, of since size chart, following the in shown As direction. right the in moving is monitored trend being the is and service public the of size The Saskatchewan. the in than growth faster population any grow the not that does ensure service to public service, public the of size on the placed be limits that directed has Government the Through sector. Crown the in and parties, third ministries, government executive across effective more and efficient more smaller, becoming is Government The Service Public Efficient More Smaller, A ore IA T aa iityo Finance. of Ministry data; FTE MIDAS Source: 2007-08) YEAR, BASE SINCE CHANGE (CUMULATIVE POPULATION TO SERVICE PUBLIC Per Cent -4 -3 -2 -1 0 1 2 3 4 5 o oeifrain e h iityo iac Plan Finance of 2011-12. Ministry for the see information, more For 2007-08 rwhadFnnilScrt Act, Security Financial and Growth Population in Growth 2008-09 iclYear Fiscal -2.4% 2009-10 ulcService Public in Growth -2.8% 2010-11 -7.3% year base from Change Budget Summary | Budget 2011-12 25 SaskPower, SaskTel and SaskEnergy are partnering to find efficiencies in providing customer service particularly with respect to line locating services.2011, In a project will be undertaken thata will single dispatch locator per customer request tounderground power, locate gas and telephone lines. SaskPower and SaskEnergy are also adopting electronic meter technology for residences and businesses. This will result in more timelyefficient meter and reading operations as well ascustomer improved service through real time customer information on energy usage. CONCLUSION This is a budget Saskatchewan peopleproud can of. be It is a budget that benefits all Saskatchewan people. Lower taxes. Improved government services. Balanced budgets and reduced debt. A growing economy, vibrant communities and a great quality of life. Saskatchewan's time is now. That's the Saskatchewan Advantage. lowest possible cost will drive staffing decisions. Innovative Service Delivery In 2011, the Information Services Corporation (ISC) will launch the Business Registration online website as the first step to providingcost-effective a means more to convenient deliver and government services to business. This site replaces three manualwith processes one simple online process towith register a the business Corporate Registry, the Ministry offor Finance provincial sales taxes and asthe an Workers’ employer Compensation with Board. Following this launch, ISC will workservices to offered expand beyond the registration, to provide business owners with a single onlineto point other of government access services required throughout the life cycle of a business.initiative The is ultimate to goal make of it this muchin easier our to province, do streamlining business processes across government and reducing costs for both businesses and government. Enhancing the efficiency and effectiveness of Crown corporations will continue to be aCrowns key will focus seek in to 2011. find acosts balance and between staffing reducing levels while ensuring thatrequirements of the a growing economy are met. As efficiency measures are introduced, the Crown sector will reduce staff levels through attrition.Crown The sector’s ability to efficiently deliver high quality, reliable, safe services to customers at the 26 Budget 2011-12 | Budget Summary SASKATCHEWAN PROVINCIAL BUDGET 11-12 TECHNICALPAPERS 28 Budget 2011-12 | Budget Summary hl h rvnespplto otne orise. to continued population province’s the while industries, services-related many and goods-producing in continued growth Job well. quite performed economy Saskatchewan the moisture, excess caused by year, last agriculture in setback the Despite PERFORMANCE 2010 cent. per 9.0 by grow GDP, to anticipated Nominal year. is meanwhile, this cent per 4.2 to rise expected is to growth GDP Real strength. gain to tocontinue expected is economy Saskatchewan the 2011, In prices. higher amid substantially increased patch the oil in investment while 2009, in after strongly, substantially back falling came sales Potash news. good this Saskatchewan’s, was like economy open small a For back. years few a just of world recession developed the the following of much for economy resumed global growth the as for year turnaround a was year Last K O O L T U O C I M O N O C E S ’ N WA E H C AT K S A S PrCn hne) Change Cent (Per INDICATORS ECONOMIC SASKATCHEWAN rvt n Public and Private nentoa Exports International Starts Housing Permits Building Sales Manufacturing e eil Sales Vehicle New Trade Wholesale ore ttsisCanada Statistics Source: Earnings Weekly Average ealSales Retail Employment netetIntentions Investment 2010 52.8 (2.5) 9.7 6.1 6.0 8.2 5.0 9.3 2.7 0.9 ore ttsisCanada Statistics Source: Saskatchewan coe 1. of October as 1,049,701 was population province’s the while 524,325 averaged employment Total 2010. in highs historical reached employment and population Both Thousands SASKATCHEWAN IN EMPLOYMENT AND POPULATION 1,000 1,010 1,020 1,030 1,040 1,050 ouain uy1 July Population, 2005-10 970 980 990 125.4 0 71.2 78.6 21.3 71.9 15.8 23.6 45.2 38.9 8.4 2005 2006 ouainEmployment Population 2007 ak2005-10 Rank 1 1 2 2 2 2 2 2 1 2 2008 2009 Canada Employment 2010 (15.8) (10.8) 23.7 19.0 15.7 14.4 19.2 (8.6) (2.8) 5.4

0 470 480 490 500 510 520 530 Thousands Budget Summary | Budget 2011-12 29 Brazil India China 2012 INTERNATIONAL ECONOMICCONDITIONSANDOUTLOOK Saskatchewan exports roughly 70 per cent ofit what produces. Therefore, what happens in thethe rest world of is an important factoreconomic in performance. the province’s China, India, Brazil and other so-called “emerging nations” that were least affected by the2008-09 are recession of expected to lead in2012, growth in as 2011 they and did in 2010. The recently-announced fiscal and monetary stimulus has perked up private demand into the stave U.S. off and a helped “double dip.”downturn Yet the in dramatic U.S. household net worth, the pre-2009 levels, increasing by well over 100while per the cent, number of oil wellsalmost drilled 70 increased by per cent. Despite these numerous positives for the province2010, in the setback in agriculture did impactgrowth. According overall to the Ministry of Finance’sforecast, latest Saskatchewan real GDP growth in 2010just was 1.7 per cent. Japan 2011 UK NLPENSNBQCONMBSKABBC 2010 EU US Canada Source: Ministry of Finance 8 6 4 2 0 12 10

0

80 60 40 20

-20 -40 Cent Per e Cent Per OUTLOOK FOR GLOBAL ECONOMIC GROWTH GROWTH IN INTERNATIONAL GOODS EXPORTS, 2005-10 As well, average weekly earnings went5.0 up per by cent in 2010 andincreased in 23.6 the per last cent, five the years second have among highest growth provinces. The province’s resource sector performed well in 2010. Potash production returned to close to Most other indicators for 2010 wereInternational also goods positive. exports, retail trade and wholesale trade all increased in 2010, whilestarts jumped housing 52.8 per cent, theincrease second in highest the nation. Source: Statistics Canada 30 Budget 2011-12 | Budget Summary AAINEOOI ASSUMPTIONS ECONOMIC CANADIAN trade. from benefits the partially of to some likely offset is dollar Canadian strong the but strengths, resource by natural mainly and driven investment cent, business per 2.4 expected at is modest 2011 be in to growth Canadian U.S., the in As countries. two the between policies monetary closely-aligned relationship and trade bilateral large the to due closely quite developments U.S. tracks growth Canada’s OUTLOOK CONDITIONS AND ECONOMIC CANADIAN 2012. and 2011 growth Euro-zone in dampen to expected are to resolution entails it a that consolidation fiscal the and debt crisis the However, contagion. prevent or limit and thus Spain and Greece Ireland, Portugal, in debt turmoil on-going the stabilize to tools resources necessary financial the and all have to appears Euro-zone The 2012. in cent per to somewhat 3.0 improve should but cent, per at 2.4 subdued more slightly be is, to 2011 expected therefore, in growth U.S. investing. rather or order spending in than houses financial their putting on to focus likely are there businesses time and the households being, for that, suggest carry to continue businesses and households U.S. that baggage debt considerable the and persists that unemployment high stubbornly ore iityo Finance of Ministry Source: aainDla U et)9. 931061059. 98.9 99.8 100.5 100.6 99.3 97.1 2 1 cents) (US Dollar Canadian neetRts(%) Rates Interest (%) Growth CPI (%) Growth GDP Real Long-term Short-term 0ya oeneto aaaBond Canada of Government 10-year Bill Treasury 3-month 2 1 cul21 0221 042015 2014 2013 2012 2011 Actual 2010 .429 .847 .25.76 4.75 4.92 4.63 4.77 3.87 3.58 2.82 2.99 1.28 3.24 0.56 . . . . . 2.0 2.6 2.0 2.9 2.0 3.0 2.0 2.9 2.1 2.4 1.8 3.1 aaaadteUS r xetdt rvd upward provide to expected are U.S. the and in Canada rates interest between spread the and dollar weakness U.S. dollar. U.S. the on putting pressure are downward policies monetary and fiscal U.S. Looser year. this later until raised be to Canada likely in not rates are interest that is view consensus The Canada. in place in stimulus leave monetary thus considerable and being the time on the remain for to sidelines expected is Canada of Bank the Meanwhile, States. United the in 2011 throughout extend should conditions monetary Stimulative U.S. the in growth alongside 2012 in cent per 2.9 to improve to expected is growth Canadian ore ako aaa ..FdrlReserve Federal U.S. Canada, of Bank Source: AAAADUS E OIYRATES,DAILY POLICY KEY U.S. AND CANADA Per Cent 0 1 2 3 4 5 6 2007 2008 2008 Canada 2009 2009 U.S. 2010 2011 Budget Summary | Budget 2011-12 31

WTI Oil, US$/Bbl 80 60 40 20 0 120 100 2015 Date Jan./11 Jan./11 Jan./11 Release 2013 Forecast 2011 95.8 Feb./11 95.0 Feb./11 96.1 95.5 Feb./11 98.1 95.0 2012 100.6 100.1 Dec./10 101.2 Feb./11 100.5 100.6 101.2 2009 WTI Oil Price Number of Oil Wells 2007 0 99.9 99.3 98.3 96.9 95.3 2011 99.1 99.3 95.3 100.0 101.3 102.0 500

102.0

3,500 3,000 2,500 2,000 1,500 1,000 ubro i Wells Oil of Number OIL PRICES AND THE NUMBERWELLS OF DRILLED OIL IN SASKATCHEWAN Source: Ministry of Energy and Resources COMMODITYPRICES The price of West Texas Intermediate (WTI)expected oil to is average US$93.00 per barrel inand 2011 US$96.00 per barrel in 2012. The price of natural gas isC$3.50 expected per to gigajoule average (GJ) in 2011in and 2012. C$4.00 per GJ 2015 SE) 2013 4 in 2011 Forecast 99.3 US cents 2011 2009 2007 2005 0 80 60 40 20 120 100

IHS Global Insight Conference Board of Canada (CBOC) Centre for Spatial Economics (C High Scotiabank Ministry of Finance Low Average TD Bank Royal Bank of Canada Bank of Montreal CIBC SCents US Source: Bank of Canada, Ministry of Finance CANADIAN DOLLAR FORECASTS OF THE CANADIAN DOLLAR (Expressed in US Cents) The value of the Canadian dollar is cautiouslyto assumed average near parity over the forecast period. Private sector forecasts of the Canadian dollar2011 in range from a low ofto 95.3 a US high cents of (TD 102.0 Bank) USsector cents forecasts (CIBC). range For from 2012, a private low of(Scotiabank) to 95.0 a US high cents of 101.2Montreal). US cents (Bank of support to the Canadian dollar. Strong commodity prices constitute another channel of support forCanadian the dollar. 32 Budget 2011-12 | Budget Summary O-EEAL EOREPIEASMTOS–CLNA YEAR CALENDAR – ASSUMPTIONS PRICE RESOURCE NON-RENEWABLE Resources and Energy of Ministry Source: h rc fpts sepce oices to K increase per to C$645.11 expected is potash of price The as up pick improve. will prices activity drilling that assumed is period, it forecast the Throughout has years. province recent the in in fallen drilled wells gas of number The province the in 2011. drilled in be to wells oil 3,000 expects Resources roughly and Energy in of cent Ministry per The 2010. 70 almost by of increased number drilled The wells prices. oil higher to due year expected this again is patch oil the in investment Increased e C on)i 00 u oipoe market improved to conditions. due 2010, in tonne) KCl per hsya,fo $6.4prK per C$569.74 from year, this Number of Gas Wells SASKATCHEWAN IN DRILLED WELLS GAS NUMBER OF THE AND PRICES GAS NATURAL 1,000 1,200 1,400 oah(C$/K Potash (C$/GJ) Gas Natural oah(S/C on)374 9.6386 0.3440 420.98 414.02 406.93 398.63 390.76 337.46 Resources and Energy of Ministry Source: tonne) (US$/KCl Potash T i U$bre)7.19.09.09.09.097.00 96.00 96.00 96.00 93.00 79.61 (US$/barrel) Oil WTI 200 400 600 800 0 2007 aua a rc ubro a Wells Gas of Number Price Gas Natural 2 on U$9.6prKltonne) KCl per (US$390.76 tonne O 2 2009 on)597 4.1695 6.8600 697.81 680.09 663.78 649.59 645.11 569.74 tonne) O 2011 2 on (US$337.46 tonne O Forecast cul21 0221 042015 2014 2013 2012 2011 Actual 2013 2010 .735 .046 .06.00 5.50 4.60 4.00 3.50 3.77 2015

0 1 2 3 4 5 6 7 8 9 aua a,C$/GJ Gas, Natural o1. ilo K million 10.3 to increase to anticipated are sales potash Saskatchewan fteworld. the of regions growing major some in conditions adverse weather reflecting part large in the months, several of course past the over risen have prices Agricultural period. forecast the of duration the more for a level to normal return to assumed is production crop Total 2002. since harvest 2010 smallest The the average. was 10-year harvest and the 2009 than in less than cent less per cent 15.0 per 30.4 2010, in crops of tonnes million 20.8 harvested farmers Saskatchewan 2010. in than more ore iityo nryadResources and Energy of Ministry Source: OAHSLSADPTS PRICES POTASH AND SALES POTASH SASKATCHEWAN OF VOLUME Millions of K2 O Tonnes 10 12 0 2 4 6 8 2007 oahPiePts Sales Potash Price Potash 2009 2 onsti er . e cent per 7.2 year, this tonnes O 2011 Forecast 2013 2015

100 200 300 400 500 600 700 800 900 0

2 $KOTonne O C$/K Budget Summary | Budget 2011-12 33 NLPENSNBQCONMBSKABBC 0

90 80 70 60 50 40 30 20 10

100 e Cent Per GROWTH IN PRIVATE AND PUBLIC INVESTMENT FROM 2005-11 Source: Statistics Canada These factors, combined with much higher pricesboth for oil and potash in 2011,GDP will growth lead of to 9.0 nominal per centgrowth this is year. anticipated Nominal to GDP be 6.3 per cent in 2012. this year. In the most recent Statisticson Canada private release and public investment intentions, total capital investment in Saskatchewan is expected to jump by 7.2 per cent ingrowth 2011, among the provinces. second highest With the expected increase in private andinvestment public in 2011, total capital investment inprovince will the have grown by 91.5 per2005, the cent highest since growth among provinces. 2.66.05.1 2.8 4.04.5 4.8 2.4 3.6 5.4 4.6 2.3 3.6 4.6 4.4 2.4 3.5 3.5 4.3 3.7 2010 2009 1 1 1 1 1.7 4.2 2.8 2.1 2.1 2.0 1.4 2008 2010 2011 2012 2013 2014 2015 2007 2006 Excess moisture affects production 2005 2004 2003 2002 10-year average 0 Actual 35 30 25 20 15 10

Retail Sales Growth (%)1 2.7 Source: Statistics Canada, Ministry of Finance Employment Growth (000s)Unemployment Rate (%)Personal Income 4.8 Growth (%) 0.8 5.2 7.3 3.8 4.0 4.1 4.5 Real GDP Growth (%) Nominal GDP Growth (%) 5.7 9.0 6.3 5.2 4.8 4.7 CPI Growth (%) iloso Tonnes of Millions SASKATCHEWAN CROP PRODUCTION SASKATCHEWAN FORECAST SUMMARY Saskatchewan real GDP is forecast to grow4.2 by per cent this year andreturn 2.8 to per a cent normal in crop 2012. size A significant in driver 2011 of will growth be given a that productionby fell 30.4 per cent last yearIncreased due business to investment, excess particularly moisture. in the oil and potash sectors, is also expected to add to growth SASKATCHEWAN’S ECONOMICOUTLOOK The current Pool Return Outlook (less transport)#1 for Canadian Wheat Board Canadian Western Red Spring 13.5 was C$293.18 per tonne for February 2011, whereas one year ago it wasprice C$246.06 of per canola tonne. has The seen aFebruary more 2011 dramatic price rise. was The C$556.00 peryear tonne. ago One it was C$403.00 per tonne. Source: Ministry of Agriculture 34 Budget 2011-12 | Budget Summary ore iityo Finance of Ministry Source: Finance of Ministry Source: o rwhi aho h attreyas o growth Job years. three last the of each in growth witnessed job have to province only the is Saskatchewan nSsacea sepce ocniu vrthe over continue to expected is Saskatchewan in oa mlyett ieb ,0 hsya and year this 6,000 by rise to employment forecasting total is Finance of Ministry The period. forecast ,0 n2012. in 4,000 Billions of Dollars GDP SASKATCHEWAN Per Cent GROWTH GDP SASKATCHEWAN -15 -10 10 20 30 40 50 60 70 80 10 15 20 25 30 -5 0 0 5 2004 2006 GDP Nominal rc boom price Commodity 2007 2006 oia GDP Nominal 2008 2008 2009 GDP Real 2010 elGDP Real 2010 Forecast Forecast 2011 Trendline GDP Nominal 2012 2012 ore ttsisCnd,Mnsr fFinance of Ministry Canada, Statistics Source: ore iityo iac,Saitc Canada Statistics Finance, of Ministry Source: ae growth. sales retail strong to contribute investment in growth robust and spending consumer Increased year. this spending consumer support help will rates interest low historically and employment in gains Continued 2012. in cent and per 2011 4.8 in cent per 5.1 averaging the period, forecast over average national the below well remain to expected is rate unemployment Saskatchewan’s AKTHWNEMPLOYMENT SASKATCHEWAN NMLYETRATE UNEMPLOYMENT CANADA AND SASKATCHEWAN Per Cent Thousands 0 4 5 6 7 8 9 475 490 505 520 535 550 2000 0 2005 2002 2006 2004 2007 SK 2008 2006 2009 2008 Canada 2010 2010 2011 Forecast Forecast 2012 2012 Budget Summary | Budget 2011-12 35 NLPENSNBQCONMBSKABBC Date Jan./11 Jan./11 Release 1 2012 3.3 3.04.33.33.3 Mar./11 2.8 Mar./11 Mar./11 Feb./11 Mar./11 3.0 Nov./10 3.2 4.5 Feb./11 2.8 2.8 3.4 4.5 2012 2011 SE. 4 4.0 4.3 4.9 4.0 3.9 4.6 2.9 2.4 3.9 2.4 3.9 4.9 4.2

2011

5 4 3 2 1 0 e Cent Per Percentages are the average ofsector private here sector includes forecasts. all Private ofCBOC the and major C Canadian banks, Global Insight, PRIVATE SECTOR FORECASTS OF REAL GDP BY PROVINCE 1 Despite the Ministry of Finance havinghigher a growth slightly forecast for the Saskatchewan economy than the private sector in 2011one and in a 2012, slightly the lower two forecaststerms are of very total similar cumulative in growth over theperiod. two-year NLPENSNBQCONMBSKABBC 2.1 4.5 2.0 2.0 2.3 2.3 2.3 2.0 1.4 2.3 1.4 1.7 4.5 2010 SE 5 0 4

45 40 35 30 25 20 15 10

Low Private Sector Average Royal Bank of Canada Bank of Montreal CIBC Scotiabank TD Bank High Ministry of Finance Laurentian Bank C IHS Global Insight CBOC e Cent Per PRIVATE SECTOR REAL GDP GROWTH FORECASTS(Per FOR Cent SASKATCHEWAN Change) Private sector forecasts of Saskatchewan real GDP growth in 2011 average 3.9 pera cent high and of range 4.9 from per cent to a low of 2.4 perSaskatchewan’s economy cent. is expected to outperform all other provincial economies in each oftwo the years. next SASKATCHEWAN RETAIL SALES GROWTH, 2005-10 Source: Statistics Canada 36 Budget 2011-12 | Budget Summary RVT ETRFRCSSO ELGPGOT YPROVINCE Change) BY Cent GROWTH (Per GDP REAL OF FORECASTS SECTOR PRIVATE C Canadian and major CBOC the Insight, of sector Global all private banks, includes of here average sector the Private on forecasts. based are figures Finance. sector of Private Ministry and sector Private Source: rwhadtevleo h aaindollar. Canadian the of value the and growth economic U.S. and Canadian prices, and production of set commodity a concerning on those based including is assumptions, one this forecasts, all with As CONCLUSION Billions of Dollars GDP REAL SASKATCHEWAN OF FORECASTS FINANCE OF MINISTRY AND SECTOR PRIVATE efudadadLabrador and Newfoundland rneEwr Island Edward Prince oaScotia Nova e Brunswick New Québec Ontario Manitoba Saskatchewan Alberta rts Columbia British 1 Canada 27 29 31 33 35 37 39 41 43 45 h ao aainbns lblIsgt BCadC and CBOC Insight, Global banks, Canadian major the h ecnae hw ntetbeaeteaeaeo rvt etrfrcssa fMrh1,21.Piaesco eeicue l of all includes here sector Private 2011. 16, March of as forecasts sector private of average the are table the in shown percentages The 0 2009 rvt Sector Private 2010 4 SE. Forecast iityo Finance of Ministry 2011 2012 00Rn 01Rn 02Rank 2012 Rank 2011 Rank 2010 . . . 4 2.5 1 3.9 1 4.8 . . . 7 1.9 5 2.1 6 2.4 . . . 7 1.9 7 1.7 8 2.2 . . . 6 2.0 6 1.8 8 2.2 . . . 5 2.3 4 2.3 5 2.8 . . . 3 2.7 3 2.7 4 3.0 . . . 3 2.7 3 2.7 8 2.2 . . . 1 3.4 1 3.9 7 2.3 . . . 1 3.4 2 3.6 3 3.2 . . . 2 2.9 3 2.7 2 3.4 . . . – 2.7 – 2.7 – 3.0 4 SE. xlrto ntepoic’ i patch. oil province’s the in exploration further and expansions capacity potash to related investments notably most 2011 investment, business in expected is growth of driver key other The 2011. in farmers for will challenges winter further past some this present snowfall heavy the is that there However, risk cent. some per 4.2 growth is GDP 2011 real for current forecast the why reason one is 2010, and over increase significant crop a normal-size represents more year a this to return A average-size 2011. an in harvest crop will farmers that assumed is It heights. new reach to expected is level Saskatchewan’semployment again once and year coming over the continue 2012. to in set cent is per growth 2.8 job and Furthermore, year this cent per 4.2 grow by to forecast currently is GDP real Saskatchewan 1 Budget Summary | Budget 2011-12 37 7.1 4.0 Federal Transfers 9.7 2.3 2003-04 to 2010-11 2003-04. This is more than fourgrowth times rate the over average the 1980-81 to 2003-04 period. Strong revenue growth in recent years hasaccompanied been by volatility, reflecting underlying instability in external factors, particularly resource prices and global economic performance. Soaring resource prices in 2008 contributed to74.7 a per cent increase in non-renewable resource revenue and a 25.2 per centin increase in 2008-09. The total following revenue year sawresource non-renewable and total GRF revenue decline by 58.6 per cent and 16.7 perglobal cent, economic respectively, as recession the led to reduced demand and prices for Saskatchewan’s resources. In 2010-11, non-renewable resource revenue and total GRF revenue increased 34.1 per cent7.0 and per cent, respectively, against a backdropa of global economic recovery. Non-Renewable Resource Revenue FINANCIALOUTLOOK 7.8 GENERALREVENUEFUND The Act 4.5 1980-81 to 2003-04 Own-Source Revenue 7.7 4.4 Total Revenue

5 0

10 e Cent Per AVERAGE ANNUAL GRF REVENUE GROWTH GRFREVENUEOVERVIEW Despite the recent global slowdown, GRF revenue growth has been stronger in recent yearsrun than trends. long- Since 2003-04, total revenue hasfrom grown $6.6 billion to $11.0 billionaverage in annual 2010-11, growth an rate of nearly 7.7For per comparison, GRF cent. revenue grew 4.4 perper cent year over the 1980-81 to 2003-04 period. Non-renewable resource revenue growth has increased at a faster pace thangrowth, overall averaging revenue 9.7 per cent annual growth since The 2011-12 Budget represents the fourth yearThe under Growth and Financial Security Act. INTRODUCTION requires a four-year financial plan in whichGeneral total Revenue Fund (GRF) expense mustwith balance or be less than total GRF revenue each year. 38 Budget 2011-12 | Budget Summary OPSTO F21-2GFREVENUE GRF 2011-12 OF COMPOSITION own-source other in decrease million $131.8 a • from transfers in decrease million $369.0 a • of: is result 2011-12 the in decline The forecast. 2010-11 cent) the per from (1.8 million $193.2 decrease a billion, be $10.8 to forecast is revenue GRF 2011-12, In REVENUE GRF 2011-12 2010-11 to 2003-04 GROWTH REVENUE GRF ANNUAL

eeu,piaiydet eraei interest- in decrease a to due primarily revenue, dividends; (CIC) Saskatchewan of Corporation Investments Crown million total $359.5 in reduction a to due primarily Entities, Crown Per Cent -80 -60 -40 -20 20 40 60 80 0 oa Revenue: Total 1. billion $10.8 2003-04 ae:49% Taxes: 2004-05 oa R eeu o-eeal eoreRevenue Resource Non-Renewable Revenue GRF Total 2005-06 2006-07 2007-08 119mlinices ntxrevenue, tax in increase million $141.9 a • non-renewable in increase million $266.2 a • from transfers in decrease million $100.5 a • eea rnfr:15% Transfers: Federal a n rvnilSlsTxrevenue. Tax Sales Income Provincial Individual and in Tax increase an to due primarily and, revenue; potash and oil in increases to due primarily revenue, resource payments; disaster assistance and transfers stimulus a federal to in decrease due primarily Canada, of Government the expense; prior-years’ of refunds and earnings related o-eeal eore:26% Resources: Non-Renewable 2008-09 te w ore:10% Sources: Own Other 2009-10 2010-11 Budget Summary | Budget 2011-12 39 (5.1) 79.8 39.6 (59.0) (66.8) (59.0) (30.3) (15.9) 177.5 141.9 576.5 (112.8) (203.5) (156.0) (100.5) (193.2) (132.8) (203.5) (156.0) (100.5) 10,987.5 10,932.2 10,987.5 10,794.3 10,794.3 (8.5) (195.0) estimated to reduce GRF revenue by $132.8in million 2011-12. The increase in beerfor discount rates commercial permittees will reduce GRF by $5.1 million. Children’s Hospital Nuclear Research and Development Strategy 2011-12 Revenue Estimate, prior to Tax and Revenue Measures Impact of Increased Beer Discounts for Commercial2011-12 Permittees GRF Revenue Estimate Non-recurring Other Other Revenue (refunds, casual revenue, etc.) Tax Revenue Potash Royalties Resource Surcharge (Millions of Dollars) 2010-11 GRF Revenue Forecast 2011-12 Budget GRF Revenue Estimate Other Net Changes Revenue Changes CIC Special Dividend CIC Regular Dividend Federal Transfers Interest Earnings Other Other Revenue (refunds, casualCrown revenue, Land etc.) Sales Oil Royalties (Millions of Dollars) 2010-11 GRF Revenue Forecast Impact of Tax Reductions Growth in Own-Source Revenue Base Non-recurring CIC Special Dividend Change in CIC Regular Dividend Non-recurring Prior-year Income Tax Reconciliation Payments Change in Federal Transfers 2011-12 GRF REVENUE RECONCILIATION By Major Factor The 2011-12 Budget includes the impactand of revenue the measures tax contained in this year’sIncreases budget. in personal income tax credits andreduction in a the small business income tax rate are 2011-12 GRF REVENUE RECONCILIATION By Major Revenue Source 40 Budget 2011-12 | Budget Summary ICLYA O-EEAL EOREFRCS ASSUMPTIONS FORECAST RESOURCE NON-RENEWABLE FISCAL-YEAR increase to forecast is revenue Tax Fuel • to forecast is revenue (PST) Tax Sales Provincial • increase to forecast is Tax Income Individual • below. outlined are changes the significant from The cent) forecast. per 2010-11 (2.8 million $141.9 2011-12, of in increase billion an $5.3 be to forecast is revenue Tax Revenue Tax cent. per 5.2 or 2011-12, in million at $576.5 forecast is growth revenue GRF repeat 2011-12, not in will that million) ($531.3 2010-11 in realized items non-recurring and million) ($100.5 transfers federal reduced million), revenue ($137.9 and measures tax year’s this of impact the Excluding oahPie(ientak C$/K netback, (mine Price Potash i rdcin(ilo barrels) (million Production Oil T i rc (US$/barrel) Price Oil WTI aua a rdcin(ilo ui feet) cubic (billion Production Gas Natural oahSls(ilo K (million Sales tonne) Potash US$/KCl netback, (mine Price Potash aua a rc fedae C$/GJ) (fieldgate, Price Gas Natural aainDla U cents) (US Dollar Canadian ntesrn n umro 2010. of summer and spring the weather in wet to related 2010-11, in consumption lower-than-expected from rebound a and economy Saskatchewan the of in basis growth the continued on 2011-12 in million $15.6 PST and base tax sales the revenue. in growth to lead to projected is spending business and consumption personal in growth Year-over-year Saskatchewaneconomy. the in result strength continued the of as 2011-12 in million $50.5 increase amounts. to credit measure tax budget personal the increase to due revenue tax decline in the by offset prior- partially negative adjustment, reduced year a growth and of income result taxable the in as 2011-12 in million $125.1 2 tonnes) O 2 tonne) O rw adslsrvnei oeatat forecast is revenue sales land Crown • recent most period. the five-year over average in the revenue to GRF equal total 2011-12, of cent per 26 for account to forecast is revenue resource Non-renewable revenue. gas natural sales and land Crown in decreases by offset partially resources, non-renewable Resource other potash, and oil, Surcharge in growth to due The is forecast. increase 2010-11 the from cent) million $266.2 per (10.4 of increase an 2011-12, in billion $2.8 be to forecast is revenue resource Non-renewable Revenue Resource Non-Renewable decrease to forecast is Tax Income Corporation • Tax, Premiums Insurance including Taxes, Other • ihsaepoetdt etetidhgeton highest third record. the be to projected gas are natural rights and petroleum Crown of previous sales the year, than lower While million. of decrease $30.3 a 2011-12, in million $436.4 rate. reduce tax business to measure small budget the the to due revenue in tax decline the a and by adjustment offset prior-year reduced fully is base the tax in corporate strength provincial because 2011-12 in million $66.5 economy. growing a with consistent million 2011-12, $12.2 in increase to forecast are Tax Capital Corporation and Tax Consumption Liquor 001 001 2011-12 2010-11 2010-11 ugtFrcs Budget Forecast Budget 4. 5. 159.4 150.8 148.6 75 18 93.75 81.85 77.50 8. 8. 160.2 181.5 188.7 55 76 99.82 97.67 95.50 .033 3.65 3.39 4.40 0 5 393 646 351 590 308 529 8.1 . 10.4 9.8 Budget Summary | Budget 2011-12 41

US Cents 105 100 95 90 85 80 0 Feb-11 2011-12 Sept-10 2008-09 Apr-10 2005-06 Dec-09 Oil production is forecast to increase150.8 from million barrels to 159.4 millionin barrels 2011-12. Well-head prices are forecast to increaseC$67.24 from to C$77.38 per barrel inThis is 2011-12. primarily due toIntermediate a (WTI) higher oil West price Texas forecast (from US$81.85 to US$93.75 per barrel), partially offset by an increase in the exchange rate. The value of the Canadian dollarto is average anticipated 99.82 US cents inlower 2011-12, than slightly current rates, but overhigher two than US in cents 2010-11. The higherreduces exchange Canadian-dollar rate prices for resources sold in US dollars, including oil, potash and uranium. 2002-03 Jul-09 Actual Forecast 1999-00 Feb-09 1996-97 Oct-08 WTI Oil Price (left-hand scale) Exchange Rate (right-hand scale) May-08 1993-94 Jan-08 1990-91 0

0 90 70 50

40 30 20 10 150 130 110

e Cent Per a decrease of $3.1 millionresult from of 2010-11 as decreased production, the partially offset by slightly higher average fieldgate prices. Production is forecast to decline byin 12 2011-12, per largely as cent thedrilling result of activity. Fieldgate decreased prices are forecastaverage to $3.65 per gigajoule (GJ), up$3.39 per from GJ in 2010-11. in 2011-12 as the resulthead of price a and higher increased average production. well- Totalroyalties oil are forecast at $1.4 billion. US$/Barrel WTI OIL PRICES AND EXCHANGE RATE • Natural gas revenue is forecast at $22.5 million, • Oil revenue is forecast to increase $177.5 million NON-RENEWABLE RESOURCE REVENUE AS A SHARE OF GRF REVENUE 42 Budget 2011-12 | Budget Summary AKTHWNPTS SALES POTASH SASKATCHEWAN million $381.3 at forecast are royalties Potash • PRICES POTASH SASKATCHEWAN 011 sfrcs tU$9 e C tonne K KCl per per (C$646 US$393 at forecast is 2011-12 in netback mine Saskatchewan average The sales forecast. higher volume a with higher combined prices, to average due primarily is from increase million The $79.8 2010-11. of increase an 2011-12, in t1. ilo K million forecast are 10.4 sales at potash basis, fiscal-year a On costs. delivery and transportation for accounting after recent prices contract and analysis external with consistent is Millions of K2 O Tonnes K US$/KCl Tonne (mine netback) 2 onsi 001.Dmn a improved has Demand 2010-11. in tonnes O 100 200 300 400 500 10 12 0 2 4 6 8 0 1970 1980 04mlinKOtonnes O K million 10.4 011 Sales: 2011-12 C66prKOtonne) O K per (C$646 S33prKltonne KCl per US$393 011 vrg ieNetback: Mine Average 2011-12 2 on) hspieassumption price This tonne). O 2 ons pfo . million 9.8 from up tonnes, O 2 2 1980 1990 culForecast Actual culForecast Actual 1990 te o-eeal eorervne including revenue, resource non-renewable Other • to forecast is revenue Surcharge Resource • nraeb 27mlin o$4. ilo in million $140.3 2011-12. to million, to$2.7 forecast by is increase minerals, other and coal uranium, 2011-12. in million $438.3 at forecast Surcharge is Resource revenue sectors. potash and in oil particularly the sales, resource of value increase continued the a in to due primarily The is 2011-12. increase in million $39.6 by increase 2009. in than potash more buying countries major consuming all practically with world the throughout 2000 2000 2011 2011 Budget Summary | Budget 2011-12 43 RISKS TO THE 2011-12 FORECASTEconomic Activity There is a strong correlation between economic activity in Saskatchewan and GRF own-source revenue. The provincial economic forecast relies on aof set assumptions regarding the performance of the Canadian, U.S. and global economies, asassumptions well regarding as demand for Saskatchewan’s resources, the value of the Canadian dollarnon-renewable resource and prices. Differences between actual activity and budget assumptions will impact provincial revenue, particularly non-renewable resource and taxation revenue. Nominal Gross Domestic Product (GDP) is forecast to grow by 9.0 per centpoint in change 2011. in A this one growth percentage rate,estimated all to else change equal, GRF is own-source revenue by $85 million. The impact of suchmay a not change, be however, fully realized indue the to current fiscal lags year in the receiptCorporation of Income revenue, Tax particularly and the Resource Surcharge. Federal Transfers Total transfers from the Government of Canadaanticipated are to be $1.6 billion inof 2011-12, $100.5 a million decrease (6.0 per cent) from 2010-11. Total transfers under the Canada Health Transfer (CHT) and Canada Social Transfer (CST) will increase $51.7 million and $10.1 million, respectively, as the result of federally legislated increases. Federal funding under existing and anticipated cost-sharing agreements is expected to decrease $162.3 million in 2011-12. The decrease primarily reflects lower contributions for several infrastructure stimulus programs and a reduction in federalfinancial disaster assistance. Transfers from Crown Entities Transfers from Crown Entities are forecast to be $587.8 million in 2011-12, a$369.0 decline million of (38.6 per cent) from 2010-11. The majority of the decrease isdividends. related Special to dividends lower are CIC forecast to decrease by $203.5 million in 2011-12. Theto decrease is two due non-recurring dividends received in 2010-11: the $195.0 million dividend to fundHospital the and Children’s the $8.5 million dividendSaskatchewan’s for Integrated Nuclear Research and Development Strategy. The regular dividend is targeted at $110.0 million in 2011-12. The Saskatchewan Liquor and Gaming Authority transfer is forecast to decrease $13.1 million2011-12, in largely as the result of decreasedfor forecasts the Video Lottery Terminal (VLT) segment, primarily due to lower activity, and thesegment, liquor primarily due to increases in beerrates discount for commercial permittees in 2011-12. Transfers from other enterprises and funds are forecast to increase $3.6 million in 2011-12, primarily due to an increase inSaskatchewan net Gaming income Corporation. from the Other Own-Source Revenue Other own-source revenue is forecast to be $541.0 million in 2011-12, a decrease of $131.8 million (19.6 per cent) fromearnings 2010-11. are Interest forecast to decline by $66.8largely as million, the result of one-time gainsinvestments in on 2010-11. the Other sale miscellaneous of own- source revenue is forecast to fall byas $59.0 refunds million that were realized in 2010-11,refunds such of as prior-year AgriStability overpayments, are not forecast to repeat in 2011-12. 44 Budget 2011-12 | Budget Summary 909 o2014-15 to 1990-91 REVENUE GRF annual the in change gigajoule per $0.10 a • average the in change barrel per US$1 a • that: estimated is it 2011-12, In possible. where sector averages private of use the including forecasts, sector private and information market current by incorporating derived are estimates revenue risk, minimize To difficult. is revenue resource non-renewable forecasting result, As government. a of control the beyond are and uranium, volatile and potash, gas, natural oil, including resources, non-renewable Saskatchewan’s for Prices Prices Resource Non-Renewable

Billions of Dollars and, royalties; gas natural in estimated change million an $0.9 in results price fieldgate gas natural royalties; oil in estimated change an million in $18.5 results price oil WTI annual 10 12 14 0 2 4 6 8 1990-91 eea Transfers Federal 1995-96 te Own-Source Other 2000-01 S5 e C on C8 e K per (C$83 tonne KCl per US$50 a • eorervne l leequal. else all revenue, resource non-renewable in decrease/increase estimated million an $27.2 in results dollar Canadian value the the of in increase/decrease cent US one US A 99.82 cents. is assumption rate exchange 2011-12 The provincialroyalties. and dollars US in sold of commodities price dollar Canadian the the reduces dollar, vis-à-vis dollar, US Canadian the of value higher a revenue, resource non-renewable to respect With ways. several in revenue government and economy the provincial impact rate exchange the in Movements Rate Exchange a Revenue Tax 2005-06 eut na siae 9. ilo hnein royalties. change million potash $96.0 estimated netback an mine in potash results 2011 average the in change Resource Non-Renewable 2010-11 Forecast 2014-15 2 tonne) O Budget Summary | Budget 2011-12 45 2014-15 2010-11 2005-06 of the provincial economy, down from 8.6in per 2007-08. cent The lower share offrom the taxes provincial reflects, revenue in part, the2008-09 tax and reductions 2011-12. in Over the next four years, increasingprices resource and sales volumes are forecast8.4 to per result cent in annual growth inresource non-renewable revenue. This is lower thanannual the growth 9.7 rate per experienced cent since 2003-04. By 2014-15, non-renewable resource revenue is forecast to account for 29.3 perrevenue, cent up of from total 26.2 GRF per centbelow in the 2011-12, high but of well 37.4 per cent in 2008-09. Transfers from Crown Entities are expected to remain relatively flat over the medium term and 9.8 10.4 10.6 10.8 10.9 3.39 3.65 4.27 4.83 5.63 81.85150.8 93.75 159.4 96.00 167.3 96.00 169.8 96.25 169.1 97.67 99.82 100.58 100.33 99.58 2010-11 2011-12 2012-13 2013-14 2014-15 Actual Forecast 2000-01 O tonne) 590 646 653 668 685 2 O tonnes) 1995-96 2 1990-91

0

40 30 20 10 e Cent Per Natural Gas Price (fieldgate, C$/GJ) Natural Gas Production (billion cubicWTI feet) Oil Price (US$/barrel) Oil Production (million barrels) Potash Price (mine netback, 181.5 C$/K 160.2 146.0 136.3 129.9 Potash Price (mine netback, US$/KCl tonne) 351 393 401 409 416 Canadian Dollar (US cents) Potash Sales (million K NON-RENEWABLE RESOURCE REVENUE AS A SHARE OF GRF REVENUE MEDIUM-TERM NON-RENEWABLE RESOURCE FORECAST ASSUMPTIONS GRF revenue is forecast to increaseaverage by of an 4.5 annual per cent overslightly the lower forecast than period, long-run trends. ForGRF comparison, revenue increased by 5.0 perthe cent 2000-01 annually to over 2010-11 period. The current medium-term outlook results inrevenue a forecast GRF of $12.3 billion inrevenue 2014-15. categories All are projected to increase overforecast period, the with non-renewable resource and taxation revenue growth expected to lead the way. Tax revenue is forecast to increase atof an 3.6 annual per rate cent and toof account total for revenue roughly over 48 the per medium cent tax term. revenue By is 2014-15, projected to account for 7.5 per cent MEDIUM-TERMGRF REVENUEOUTLOOK 46 Budget 2011-12 | Budget Summary 011 R XES RECONCILIATION EXPENSE GRF 2011-12 n te atr a le osrcinschedules. construction alter can factors other and delays weather-related as projects, infrastructure to respect with particularly uncertainty, to of subject degree is some streams funding these of timing The continue. to expected reasonably are that agreements federal-provincial existing all includes forecast term medium- The down. wind major agreements and infrastructure stimulus federal as term medium the over decrease transfers cost-sharing federal Other of beyond. year and last period the forecast in the funding CST and with CHT uncertainty to is respect there 2014, 31, March on expires legislation federal the as existing However, per legislation. as federal term, medium the over and transfers CHT CST in increases assumes outlook current The extraordinary transactions. possible these on rely not does forecast medium-term The revenue. casual other and gains earnings interest one-time expense, prior-years’ of refunds unexpected large, by influenced significantly be can however, source, revenue This term. medium the over annually cent per approximately one by grow to forecast is revenue own-source Other period. five-year recent cent most per the 8.2 over averaged sector Crown comparison, the For from revenue. transfers total of cent per 5.5 average he lcoa Officer Electoral Chief Immigration and Employment Education, Advanced orcin,Pbi aeyadPolicing and Safety Public Corrections, Agriculture Services Social 1 Estimate Expense GRF Budget 2011-12 Changes Expense Changes Net Other Education Health Estimate Expense GRF Budget 2010-11 Dollars) of (Millions nldsTahr’Pnin n Benefits and Pensions Teachers’ Includes 1 eann iitisadaece,$.0billion, $1.90 agencies, and ministries remaining • million, $380.3 Infrastructure, and Highways cent; per 3.9 • or million, $417.9 Agriculture, cent; per 3.9 or • million, $420.0 Servicing, Debt cent; per 7.6 or • million, $814.2 Services, Social • and Employment Education, Advanced • and Pensions Teachers’ (including Education cent; per 41.8 • or billion, $4.46 Health, • as: allocated be will 2011-12 in expense GRF Allocation Expense GRF 2011-12 Services. Social and Education Health, as such areas priority in spending increased reflecting estimate, expense Budget 2010-11 cent) the per to compared (5.5 million $555.2 of in increase billion an $10.7 2011-12, be to estimated is expense GRF EXPENSE GRF 2011-12 r1. e cent. per 17.8 or and, cent; per 3.6 or cent; per 8.0 or million, $855.9 Immigration, cent; per 13.4 or billion, $1.43 Benefits), 10,679.3 10,124.1 555.2 260.3 119.3 12.6 26.4 31.3 32.1 60.0 13.2 Budget Summary | Budget 2011-12 47 12.09 2014-15 12.32 Social Services: 7.6% Education portion includes MinistriesAdvanced of Education, Education Employment and and Immigration Highways and Infrastructure: 3.6% 11.63 Agriculture: 3.9% Education: 21.4% Debt Servicing: 3.9% 2013-14 MEDIUM-TERMGRF EXPENSEOUTLOOK Over the medium term, expense growth isat targeted 4.7 per cent in 2012-132013-14 and and 4.0 2014-15. per By cent the in endperiod, of GRF the expense four-year is forecast at $12.1 billion. 11.83 Revenue Expense 11.18 Other: 17.8% 2012-13 11.33 10.68 Health: 41.8% 2011-12 10.79 $10.7 billion Total Expense:

0

14 12 10 iloso Dollars of Billions COMPOSITION OF 2011-12 GRF EXPENSE GRF MEDIUM-TERM FORECAST 2011-12 to 2014-15 This allocation represents a shifting of therelative to shares, the 2010-11 Budget, from HighwaysInfrastructure (down and 0.4 percentage points) and debt servicing (down 0.4 percentage points) to Health (up 0.3 percentage points), Education (including Teachers’ Pensions and Benefits and Advanced Education, Employment and Immigration, up 0.3 percentage points), Social Services (up 0.2 percentage points) and Agriculture (up 0.1 percentage points). FOUR-YEARFINANCIALPLAN Over the remainder of the forecast period, the GRF will post pre-transfer surpluses each year. Annual The Growth and Financial Security Act requires revenue growth of 4.5 per cent, on average, will a four-year financial plan that sets out the accommodate expense growth of 4.7 per cent in Government’s plan for expense, revenue and debt. 2012-13 and 4.0 per cent growth over the last two In 2011-12, the GRF is estimated to have a pre- years of the forecast period. transfer surplus of $115.0 million. One-half of this The pre-transfer surpluses will result in net transfers amount, or $57.5 million, will be transferred to the to the GFSF,leaving the GFSF with a balance of Growth and Financial Security Fund (GFSF). After $998.3 million at the end of 2014-15. a $325.0 million withdrawal from the GFSF for debt reduction, the GRF will post a surplus of After a $325.0 million reduction in government debt $382.5 million. in 2011-12, GRF surpluses ensure that government general public debt will not increase over the The projected year-end balance in the GFSF is remainder of the forecast period. $710.8 million in 2011-12.

Government general public debt will be $3.8 billion on March 31, 2012, a decrease of $325.0 million from the previous year and $3.0 billion from March 31, 2008.

GRF FOUR-YEAR FINANCIAL PLAN

(Millions of Dollars) 2011-12 2012-13 2013-14 2014-15 Revenue $ 10,794.3 $ 11,331.2 $ 11,828.4 $ 12,318.6 Expense 10,679.3 11,181.2 11,628.4 12,093.6 Pre-transfer Surplus 115.0 150.0 200.0 225.0 Transfer (to) GFSF (57.5) (75.0) (100.0) (112.5) Transfer from GFSF 325.0 –– – Net Transfer from (to) GFSF 267.5 (75.0) (100.0) (112.5)

GRF Surplus $ 382.5 $ 75.0 $ 100.0 $ 112.5

GFSF Balance $ 710.8 $ 785.8 $ 885.8 $ 998.3

Government General Public Debt (billions of dollars) $ 3.8 $ 3.8 $ 3.8 $ 3.8 | Budget Summary Budget 2011-12 48 Budget Summary | Budget 2011-12 49 0.0 (194.2) 3rd Change 40.0 214.2 20.0 –– 68.5 (68.5) (20.0) (20.0) to cover costs associated with theThe flooding increase in in 2010. revenue has also allowedto the provide funding Province for the Saskatchewan Surgical Initiative and to clean up abandoned uranium mines. Revenue is projected to exceed expense by $40.0 million in 2010-11. Half ofsurplus this will pre-transfer be transferred to theFinancial Growth Security and Fund (GFSF), leaving a $20.0 million GRF surplus. With the $20.0 million transfer from theGFSF GRF,the is projected to have a$978.3 year-end balance million. of Government general public debt is forecast toat remain $4.1 billion, unchanged from March 31, 2010. 1st 20.0 GENERALREVENUEFUND –– 2010-11 FINANCIAL UPDATE 20.0 510.8 797.3 1,026.8 978.3 467.5 194.2 161.0 Budget Quarter Mid-Year Quarter from 10,124.1 10,285.8 10,539.1 10,947.5 823.4 Estimate Forecast Projection Forecast Budget $ 9,949.9 $10,144.8 $10,676.1 $10,987.5 $ 1,037.6 Third Quarter Financial Report. GRF Surplus GFSF Balance* Government Debt** 1st Quarter, Mid-Year and 3rd Quarter forecasts reflect actual 2010-11 $ opening balance. 4,145.3 $ 4,140.5 $ 4,140.5 $ 4,140.5 $ (4.8) Revenue Expense Surplus (Deficit)Pre-Transfer (174.2)Transfer from GFSF Net Transfer from (to) GFSF (141.0) 194.2 137.0 161.0 (68.5) (20.0) (214.2) (Millions of Dollars) Transfer (to) GFSF The General Revenue Fund (GRF) fiscalin situation 2010-11 is unchanged from thein forecast presented the 2010-11 The 2010-11 forecast includes a $1,037.6 million increase in revenue from budget. This increaseprimarily is due to robust growth in taxparticularly Corporation revenue, Income Tax, and stronger- than-expected performance in the non-renewable resource sector. Expense in 2010-11 is projected to$823.4 increase million from budget. The increase isthe largely result of a $481.5 millioncapital increase funding in to third-party expedite progress on important infrastructure projects, and a $186.0 million increase GRF 2010-11 FINANCIAL FORECASTS 50 Budget 2011-12 | Budget Summary a xedtrscnaheeanme fobjectives, of number a achieve can expenditures Tax EXPENDITURES TAX FOR RATIONALE THE expenditures. direct as way same the in position fiscal government’s a affect they a and government by generated revenue of amount they the programs, reduce spending direct as way same in the presented not are and estimates revenue the overall in absorbed usually are expenditures tax While businesses. small and citizens senior farmers, businesses, families, and including individuals of variety a to assistance provide they together, Taken activity. of types certain to or taxpayers certain to or treatment preferential special provides Each deferrals. or rates tax preferential credits, tax deductions, exemptions, as measures such include and expenditures” “tax called commonly are reductions by These paid taxpayers. taxes certain the reducing by goals economic social and their of some attain raise also to governments is revenue, taxation of purpose primary the Although INTRODUCTION S E R U T I D N E P X E X TA S ’ N WA E H C AT K S A S rmtn eti ye feooi ciiy In activity. economic or of system types tax certain the promoting of fairness the enhancing as such aebcm udmna lmnso h a system. tax the of elements fundamental become have expenditures tax some objectives, these pursuing aeil,teeyrdcn h ae adb families by paid taxes the reducing thereby materials, reading and clothing children’s gas, electricity, residential natural residential food, as such items certain basic to apply not does tax sales Saskatchewan’s n h ae ae fpoicsta aeharmonized have that provinces of taxes sales (GST) Tax the Services and and Goods federal the to in contrast is treatment This items. basic these consuming neti ulfignwo sdMPast o use for assets Saskatchewan. M&P in used or new qualifying in that invest companies M&P assist to (ITC) Credit Tax Investment refundable a provides also Saskatchewan profits. (M&P) on processing rate and tax manufacturing income special a and on businesses rate small tax income lower a levies Saskatchewan taxes, corporate of distribution the improve To credits. tax non-refundable provincial these of several impacts of revenue the of estimates provides also paper This credits. educational and credits disability-related credits, family-based including taxpayer, the of circumstances personal the recognize that credits tax income non-refundable provincial distinct has system tax income personal Saskatchewan’s addition, In paper. this in deductions estimated these are of several of impacts The revenue. tax income Saskatchewan affect also contributions, Plan Savings Retirement Registered for deduction the as such income, federal taxable the of determination to contribute that deductions result, purposes. a tax As income federal for defined as income taxable to directly rates tax marginal provincial applies system tax income personal Saskatchewan’s bulk. in purchased when gasoline farm-use for tax exemption partial a and program, fuel-colouring a through fuel, diesel farm-use to treatment tax-free provides exemption Tax Fuel Province’s the to Saskatchewan, agriculture of importance the of recognition In services families. and by goods purchased of range broader apply much taxes a those to since GST, the with taxes sales their Budget Summary | Budget 2011-12 51 2011 SASKATCHEWAN TAX EXPENDITURES The 2011 Saskatchewan tax expenditures include measures announced in the 2011-12 Budget. This includes the $1,000 increase to thepersonal basic income and tax spousal exemption amounts, as wellthe as $500 increase to the dependentamount child for tax the credit 2011 taxation year. Thealso Budget announced the reduction of thecorporate small income business tax rate to 2July per 1, cent 2011. as The of 2011 taxthe expenditures 2011 also indexation reflect of Saskatchewan’s personal income tax system to the nationalof rate 1.4 of per inflation cent. The following tables provide estimates of thetax major expenditures of the Government of Saskatchewan in 2011, calculated using tax collection dataStatistics Canada and data. expenditures result in the reduction ofcollected revenue and have a significantgovernment’s impact financial on position. a complexity of the tax system,increased leading administrative to effort by both taxpayers and governments. in consumer and other economicexample, behaviour. For the exemption for restaurant mealssnack and foods provides preferential treatment for this category of consumer expenditure. compliance costs for both businesses and consumers. in examining the federal government’s presentation of tax expenditures are invited to contact theCanada Finance Distribution Centre in Ottawa or visitwebsite the www.fin.gc.ca (and click on “Publications & Reports”). impact on Saskatchewan’s revenue. Readers interested GOVERNMENTOFCANADATAX EXPENDITURES The federal government produces a detailed presentation on tax expenditures that are partfederal of tax the system. Since Saskatchewan’s personal and corporate income taxes are based upon the federalincome, definition many of of taxable the federal tax expenditures have an While tax expenditures serve important social and economic objectives, the introduction of any tax expenditure results in associated costs. These costs take several forms. • First, there is the cost of forgone revenue. Tax • Second, tax expenditures may add to the • Third, tax expenditures may create distortions • Finally, tax expenditures may create increased ASSOCIATED COSTS 52 Budget 2011-12 | Budget Summary Vleo a xedtrsi iloso Dollars) of Millions in Expenditures Tax of (Value Accounts Expenditure Tax Saskatchewan of Government 2011 eutosfo Income from Deductions Tax Income Personal Tax Fuel Exemptions Tax Sales 6 iea xlrto qimn ...... 0.1 0.1 2.7 0.4 ...... equipment exploration Mineral trucks...... 16. fire Municipal 23.5 boilers...... 15. services...... and telephone furnaces Toll-free 1.1 appliances, efficient 14. energy Eligible ...... 13. agents Direct 12. amounts...... exemption – goods Used 10. 1 ih sdvhce...... 70.4 vehicles...... used Light 11. .$5,0 aia an euto...... 70.1 deduction...... gains capital $750,000 8. .Alwbeepomn xess...... 17.8 ...... expenses employment Allowable 7. .Cryn hre ...... 15.8 ...... charges Carrying 6. .Mvn xess...... 3.7 expenses...... Moving 5. .Cidcr xess...... 9.0 expenses...... care Child 4. .Ana no,poesoa rlk us...... 17.1 ...... dues like or professional union, Annual 3. .Rgsee eieetSvnsPa otiuin...... 164.4 contributions...... Plan Savings Retirement Registered 2. .Rgsee eso lncnrbtos...... 78.9 $ ...... contributions Plan Pension Registered 1. 1.4 24.4 ...... producers primary 115.2 for Exemption fuels...... heating 3. $ for Exemption activity...... farm 2. for Exemption 1. 9.3 24.8 Services 9. materials...... Reading 8...... gas Natural 7. 99.0 55.2 Food seed...... 37.6 and 6. pesticide ...... parts Fertilizer, repair 33.9 and 5. machinery 7.3 Farm 4...... Electricity $ 3. drugs...... Prescription ...... footwear and 2. clothing Children’s 1. te ...... 30.5 397.5 ...... Other – ...... Construction – 55.7 106.9 groceries...... foods...... Basic snack – and meals Restaurant – Budget Summary | Budget 2011-12 53 1. Lower tax2. rate for Royalty small Tax business...... Rebate3...... $ Manufacturing and4. Processing 283.3 Profits Investment Tax Reduction...... Tax Credit for Manufacturing and 2.0 Processing...... 10.0 20.0 1. Saskatchewan Low-Income2. Tax Credit ...... Labour-sponsored Venture $3. Capital Tax Credit Mineral ...... Exploration4. Tax 80.0 Credit ...... Employees’ Tool Tax5. Credit ...... Political Contributions 11.7 Tax Credit...... 1.0 1.0 1.7 1. Basic personal2. tax credit ...... Spousal tax3. $ credit...... Equivalent-to-spouse tax 912.0 4. credit ...... Age tax5. credit ...... 45.4 Supplement to6. the age 24.4 Dependent tax child credit7...... tax credit...... Canada 30.7 Pension8. Plan contributions Employment tax Insurance credit9...... premiums tax 10.5 Pension credit 60.7 ...... income tax credit ...... 70.2 22.9 10.3 11. Student loan interest tax credit...... 1.7 10. Tuition and education tax credit ...... 12. Disability tax13. credit ...... Caregiver tax14. credit 29.6 ...... Medical expenses15. tax credit...... Charitable 11.1 contributions tax credit...... 2.0 23.4 44.8 Corporation Income Tax Other Saskatchewan Tax Measures Saskatchewan Non-Refundable Tax Credits 54 Budget 2011-12 | Budget Summary aiyo w dlsadtodependent two and adults two of family a • dependent two and adults two of family a • accommodation, rental in living person, single a • a provide comparison: to representative calculated been have levels income and characteristics family following the with associated costs housing and utilities taxes, provincial The country. the across cities major other in families face those would costs the with compared been has city, largest Saskatchewan’s Saskatoon, in representative living for families housing and cost utilities total taxes, the such comparison, of a such of purposes the For Canada. of parts different the in compare living to of way attractiveness reliable a is housing and utilities taxes, provincial of cost combined the mortgages. Calculating and rent for costs household and, insurance; auto • and utilities of cost • taxation; of level the • are: life of quality affect that factors important Other life. of part quality overall key the a of is services social and education excellent care, health to access example, For Canada. across Saskatchewanand in families life and of individuals quality by the enjoyed to contribute factors of number , A S E X TA G N I F S O U O H N O S D I N R A PA M O C S E I T Y I T L I I C T R U E T N I 11 0 2 aiyicm f$75,000. annual of an income family with home, own its owning children, and, $50,000; annual of an income family with home, own its owning children, $25,000; of income annual an with w-noefml ann 7,0 ilpay will $75,000 earning family two-income A • pay will $50,000 earning family two-income A • $1,153 pay will $25,000 earning person single A • cities. Canadian other in paid those with very competitive are that taxes provincial total pay and individuals families Saskatchewan 2011, in result, a As 2007 from 2011. inflation to of rate national tax the income to personal system the of indexation the and per child, $2,000 by amount child dependent and the each increased $4,000 by amounts exemption spousal and basic the increased which reduction, tax income 2008 Government’s the supplements reduction tax income personal This respect children. dependent in exemption of the to increase a child and per amounts $500 exemption spousal and basic the increaseto $1,000 a announces Budget 2011-12 The family total of cent income. per 40 cent earning per other 60 the earning and one with be spouses, to both assumed by is earned families two the of income The oettxlevel. tax second lowest the taxes, provincial total in $4,117 and, lowest level; second tax the taxes, provincial total in $906 tax lowest level; second the taxes, provincial total in Budget Summary | Budget 2011-12 55 0000 Saint Charlotte- 00000 reform which began in the 2009-10reform Budget. significantly This reduces the reliance on property tax to fund education and reducesownership the in cost Saskatchewan. of home When the combined taxes, utilities andcosts housing of the representative families are considered, Saskatoon compares very favourably with other Canadian cities. 0 300 115 147 167 107 155 158 165 289 268 268 266 303 296 266 426 740 786 740 925 598 783 (650) (538) (597) 1,024 4,595 1,432 1,590 1,987 1,598 2,561 $ 373 $ 702 $ 398 $ 595 $ 671 $ 946 $ 619 $ 1,550 $ 1,376 $ 1,931 $ 1,897 $ 2,421 $ 2,303 $ 2,142 $ 1,659 $ 727 $ 1,575 $ 1,050 $ 1,341 $ 1,547 $ 1,194 $ 1,686 $ 5,565 $$ 2,098 3,236 $ $ 2,451 6,941 $ $ 2,961 4,029 $ $ 2,840 4,348 $ $ 3,446 5,382 $$11,024 5,143 $18,329 $ $11,553 5,588 $11,008 $14,166 $12,067 $13,376 $ 7,788 $11,388 $ 7,524 $ 6,660 $ 8,784 $ 6,924 $ 7,788 0 258 243 150 970 (225) $ 694 $ 1,153 $ 985 $ 1,922 $12,255 $ 3,075 $ 9,180 305 282 (135) 0 $14,884 $14,464 $ 3,604 $ 3,736 $11,280 $10,728 Vancouver Winnipeg Saskatoon Calgary Toronto Montréal John Halifax town St.John’s Rebates Housing tlt CostsUtility $ 2,072and Utilities $ 2,995 Premiums $ 1,532 $ 741 noeTaxIncome $ 474 $ 651 tlte and Utilities ae and Health Taxes ealSlsTax Sales Retail 623 0 Telephone elhPremiumsHealth 290 0 oshl tlt Costs Utility Household Electricity $ 331 $ 613 a rdt and Credits Tax Rent Auto Insurance 1,436 2,100 aoieTaxGasoline Provincial Total 280 90 2011 Intercity Comparison of Taxes,Single Utilities Person and at Housing $25,000 Total Income Saskatoon also ranks favourably with other cities in Canada when comparing provincial taxes and utilities. For all three representative family situations, Saskatoon ranks as having the lowestcombined overall taxes and utilities of thesurveyed. ten cities The 2011-12 Budget also announces thatGovernment the is completing education property tax rvnilTxsadHat Premiums and Health Taxes Provincial Provincial oa Household Total oa Taxes Total Costs Housing oa ofTotal Taxes, 56 Budget 2011-12 | Budget Summary Total Household Provincial Provincial Taxes Health and Premiums e rpryTxs2791,873 Total Housing 2,739 Net Property Taxes 2,100 1,436 Insurance Auto 180 559 Total Provincial Gasoline Tax Income Total Housing $50,000 and at Utilities Family Taxes, of Comparison Intercity 2011 Tax Credits and elhPeim ,5 0 1,452 Health Premiums Active Families oa fTaxes,Total of $12,364 $20,760 Mortgage Costs Housing Costs Total Taxes 928 $ 1,185 $ Heating Home Household Utility Costs ealSlsTx1880 1,828 Retail Sales Tax Telephone Electricity Taxes Health and noeTx$84$1,118 $ 864 $ Income Tax ot 2,9 $14,237 $23,499 Housing Costs 4,239 $ Utilitiesand 3,474 $ Utility Costs 490 $ 4,613 $ Premiums Rebates Benefit Utilities and acue agr akto inpgTrnoMnra onHlfxtw St. John’s town Halifax John Montréal Toronto Calgary Saskatoon Winnipeg Vancouver 3,8 $18,966 $31,586 4,729 $ 8,087 $ 0 282 929 305 548 9)(808) (90) 00 427 $ $16,761 4,122 $ $12,639 3,216 $ 906 $ 9,848 $ 929 $ 2,791 1,059 (272) (300) 970 300 751 258 0 ,1 5 ,3 ,7 ,4 ,9 2,156 $ 2,799 $ 2,444 $ 2,177 $ 2,232 $ 259 $ 2,413 $ 1,2 2,1 2,0 1,2 2,7 1,4 $20,194 $17,942 $20,175 $16,928 $20,001 $26,715 $16,627 $10,723 $10,489 $10,274 9,134 $ 8,805 $ 9,252 $ 6,187 $ 1,4 1,6 1,9 ,9 ,0 ,5 9,471 $ 7,453 $ 9,901 $ 7,794 $ $11,196 $17,463 $10,440 5,915 $ 5,521 $ 4,884 $ 4,564 $ 3,891 $ 6,920 $ 2,985 $ 4,808 $ 4,968 $ 5,390 $ 4,570 $ 4,914 $ 2,332 $ 3,202 $ ,8 1,1 ,5 ,3 ,2 ,5 6,831 $ 4,853 $ 7,629 $ 5,332 $ 8,258 $ $14,513 7,882 $ 2,138 $ 2,181 $ 1,509 $ 1,796 $ 1,601 $ 982 $ 1,076 $ ,2 ,9 ,3 ,9 ,8 ,9 2,561 1,598 1,987 1,590 1,432 4,595 1,024 ,5 ,5 ,3 ,6 ,7 ,0 2,640 2,600 2,272 2,462 2,938 2,950 2,558 ,1 ,7 ,4 ,7 ,2 ,5 2,322 1,853 2,724 2,179 2,348 2,179 1,318 60 (600) (650) 19 (100) (109) 3 9 3 1 1 1 330 316 310 214 334 294 230 9 ,7 9 1 ,8 ,4 950 1,446 1,085 912 590 1,075 596 8 6 6 6 0 9 266 296 303 266 268 268 289 300 0 00000 00 00000 an Charlotte- Saint (88) 00 Budget Summary | Budget 2011-12 57 00 (88) Saint Charlotte- 00000 00000 00 0 750 289 268 268 266 303 296 266 596 1,075 590 912 1,085 1,446 950 230 294 334 214 310 316 330 (650) (335) (109) (100) 1,802 2,955 3,155 2,955 3,693 2,528 3,135 2,558 2,950 2,938 2,462 2,272 2,600 2,640 1,024 4,595 1,432 1,590 1,987 1,598 2,561 $ 1,076 $ 982 $ 1,601 $ 1,796 $ 1,509 $ 2,181 $ 2,138 $ 7,882 $14,513 $ 8,258 $ 5,332 $ 7,629 $ 4,853 $ 6,831 $ 2,985 $ 6,920 $ 3,891 $ 4,564 $ 4,884 $ 5,521 $ 5,915 $10,440 $17,463 $11,196 $ 7,794 $ 9,901 $ 7,453 $ 9,471 $ 6,684 $ 6,330 $10,051 $ 7,901 $ 9,334 $ 8,451 $ 8,046 $ 9,669 $13,250 $13,942 $12,465 $14,218 $13,972 $13,961 $20,109 $30,713 $25,138 $20,259 $24,119 $21,425 $23,432 $ 5,411 $ 2,766 $ 6,562 $ 4,732 $ 5,419 $ 5,607 $ 4,581 0 0 258 970 300 (300) 1,059 1,042 2,791 $ 929 $ 9,848 $12,639 $ 3,216 $ 4,117 $ 7,333 $19,972 $ 3,075 00 00 548 929 305 282 $10,392 $ 7,755 $33,891 $21,992 Vancouver Winnipeg Saskatoon Calgary Toronto Montréal John Halifax town St.John’s tlte and Utilities Rebates Benefit CostsHousing $23,499 $14,237 tlt CostsUtility $ 3,474and Utilities $ 4,239 Premiums $ 6,918 $ 3,516 noeTaxIncome $ 2,428 $ 3,336 ae and Health Taxes Electricity Telephone ealSlsTax Sales Retail 2,479 0 oa Taxes Total ofTotal Taxes, oshl tlt Costs Utility Household Home Heating $ 1,185 $ 928 Costs Housing CostsMortgage $20,760 $12,364 a rdt and Credits Tax cieFamilies Active PremiumsHealth 1,452 0 e PropertyTaxesNet 2,739 1,873 Auto Insurance 1,436 2,100 aoieTaxGasoline 559 180 Family at $75,000 Total Income Provincial Total Housing Total 2011 Intercity Comparison of Taxes, Utilities and Housing rvnilTxsadHat Premiums and Health Taxes Provincial Provincial oa Household Total 58 Budget 2011-12 | Budget Summary 10prcidanal o utrl erainland recreational cultural, for annually child per to $150 up rebates that credit tax income refundable Benefit Families Active systems). tax income provincial through plans administered rebate tax property (those payments taxes property rental and tax, sales retail of impact the to reduce designed rebates and credits tax income provincial Rebates and Credits Tax tax. income cent federal from per abatement 16.5 the by and Care Credit Tax Child Expense Québec the by reduced been has Tax Income Personal Québec Gross credits. contribution EI and CPP/QPP the include used non-refundablecredits Personal 12). and 6 dependent (ages two children for claim expenses each care families child the in that $3,000 and cent ratio per cent 60 per a 40 at to spouses both by earned is family income that assumed is It respectively. and income $50,000 $75,000 with families two and $25,000 with Tax Income Provincial surcharges. and taxes municipal and tax sales provincial GST, federal exclude figures coming utility the The year. for rates utility forecast to uncertainty attempting the of to due chosen been This year. has calendar methodology 2010 the for rates utility actual ‘known’ the of comparison cost a represent insurance) auto and telephone heating, home (electricity, services utility basic the 2011. for 4, charges March Household of as changes known using calendar year 2011 the for calculated are estimates NOTES Tax – HOUSING AND UTILITIES TAXES, noetxcei htrbtsu o$0prchild per $50 to up rebates that credit refundable tax income a introduced also Ontario 2010, Effective 1, 2009. January 1, January old. effect years took initiative 14 This to 6 children for fees activities sports ins a credits. tax fitness children’s non-refundable Manitoba provide age. Scotia of Nova years and 16 than less children for fees activities sports and recreational cultural, for annually scluae o nindividual an for calculated is eest h Saskatchewan the to refers ee orefundable to refer niiulresidences. individual Telephone homeowners. the and for renter kWh the 8,100 for kWh 4,584 of level consumption Electricity oil. fuel of consumption equivalent BTU the represent figures the John’s, St. and Charlottetown osmto ee f280m 2,800 of level consumption Heating Home gasoline. of purchase the taxes to carbon applied as well as commissions transit levied by charges include Figures families. for litres the 2,000 of and each person, single a by litres 1,000 Tax Gasoline Québec. and Scotia sales Nova new in the rates tax of year full a reflect Intercity paper 2011 Comparison the for Figures effective 2011. cent 1, per January 8.5 to Québec 7.5 in from rate increased tax was sales The cent 2010. per 1, 10 July effective to 8 from increased in was rate Scotia HST Nova The provinces. those in HST year of full a reflect paper the Comparison Intercity for Figures 2011 2010. 1, July effective Ontario Columbia and British in tax sales provincial the (HST) replaced Tax Sales Harmonized The province. each in expenditures taxable on based estimated then were taxes sales retail Provincial patterns. consumption Saskatchewan reflect to adjusted expenditures total with legislation, enacting was the province from each identified in base tax sales The Canada). from the levels income total the at baskets expenditure Tax Sales Retail services. medical and insurance Premiums Health uvyo aiyEpniue n2009 in Expenditures Family of Survey hre r ae na annual an on based are charges hre r h ai evc ae for rates service basic the are charges sbsdo nulcnupinof consumption annual on based is hre r ae na annual an on based are charges sbsduo vrg family average upon based is r nulpeim o hospital for premiums annual are 3 fntrlgs For gas. natural of (Statistics Budget Summary | Budget 2011-12 59 All provincial, Rental Market with the exception of 2009 Residential Property Taxes for all cities are based on the Survey of Canadian House Prices, are based on average home prices is based on a composite index October 2010. Survey of Canadian House Prices. is based on average one-bedroom apartment property tax figures to arrive at theamounts. net property tax included in the property tax figures. Propertycredit tax programs administered by municipalities on property tax notices have been deducted from the Charlottetown whose property tax estimate is based on the average of detached bungalowsdetermined in from that the city Royal as LePage Third Quarter 2010 municipal, education and library property taxes are Auto Insurance developed by SGI modelled after theby index the developed Consumers’ Association of Canada. Theis index based on the actual insurancethe rates driver quoted would for pay what in eachthe jurisdiction same if car, they same had coverage, same claimsand history driving record at a consistent pointConsumers’ Association in of time. Canada The developed 34 profiles to create this index. The impactDriver” of discounts/rebates has “Good been factored in forapplicable all jurisdictions. Rent rents for each metropolitan area, from theMortgage Canada and Housing Corporation’s estimated taxes for a sample detachedthe bungalow from City of Edmonton and Utility Charges Survey, Report, Mortgage Costs with one-half of the home price25 being years financed at over a one-year closed3.5 mortgage per rate cent. of Net Property Taxes for a detached bungalow, from the RoyalThird LePage Quarter 2010 60 Budget 2011-12 | Budget Summary n prtn uhrt osl od n services and goods sell to authority operating and financial the have that organizations government self-sufficient are enterprises business Government the in segregated way are the amounts these with consistency provide to done been has This debt. specific enterprise business Government and debt general corporation Crown components: two into divided is debt corporation Crown debt. the service to streams revenue provide which initiatives development business and infrastructure in investment for primarily business, course normal of the in incurred is Crown debt corporation debt. their on payments interest and principal the for responsible are corporations Crown paper. budget this in discussed is debt Public which money of amount the – Funds Sinking • to owed money of amount the – Debt Gross • of: comprised is financial Province’s statements the in reported as Debt Public corporations. Crown and government for borrows (GRF) Fund Revenue General The T B E D D N A G N I W O R R O B 2 1 - 11 0 2 pcfclyfrteeetrrssaedisclosed are enterprises these for specifically borrowed Amounts activity. principal their as government outside organizations and individuals to a enstaiefrterpyeto debt. of repayment the for aside set been has lenders; less ulcAccounts. Public o h tlt rw corporations. Crown utility the for debt long-term higher to attributable entirely are almost years both in increases The 2011-12. million during $755.2 additional an by increase and during 2010-11 million $507.0 by increase to forecast is debt public specific enterprise business Government Crown corporations. utility the for debt short-term to in due fluctuations primarily are years both in changes The 2011-12. during million $55.1 and by 2010-11 increase during million $131.1 by decline to forecast is debt public general corporation Crown million 2011-12. $325.0 in by decline and 2010-11 remain in unchanged to forecast is debt public general Government 2011-12. in million additional$485.3 an by increase million and $375.9 2010-11 during by increase to forecast is debt Public Government. be from only assistance can with that repaid amounts and sector Crown the activities business of from repaid be can that amounts includes debt This debt. general corporation as classified Crown is debt corporation Crown other All enterprises. business generated these flows by cash from repaid be to expected are they because debt, government other from separately Budget Summary | Budget 2011-12 61 $3.8 $0.7 $6.0 2015 $10.5 $0.8 $3.8 $5.7 2014 $10.3 Government General 38.8 33.5 27.0 2012 2011 2010 474.5 419.6 383.9 1,941.2 1,979.0 2,286.5 $3.8 $0.7 $9.7 $5.2 2013 $ 5,756.7 $$ 6,119.5 3,815.5 $ 6,427.0 $ 4,140.5$ 781.5 $ 4,140.5 $ $ 721.1 742.7$ $ $ 4,770.1 687.6 845.7 $ 3,960.0 $ 818.7 $ 3,417.3 $ 8,853.8$ $ 8,368.5 91.3 $ 7,992.6 $ 42.7 $ 17.1 $ 4,295.6 $ 3,540.4 $ 3,033.4 Estimated Forecast Actual $3.8 $8.9 $0.8 $4.3 2012 Crown Corporation General $0.7 $3.6 $8.4 2011 $8.0 $0.8 2010 Government Business Enterprise Specific $4.1 $4.1 $4.1 $7.7 $0.5 $3.1 $3.1 2009 $2.9 2008 $6.8 $0.5 $10.2 8 6 4 2 0 12 10

Specific Public Debt iloso Dollars of Billions Public Debt Guaranteed Debt Crown Corporation General Public Debt Sinking Funds Government General Gross Debt Sinking Funds Government General Public Debt Crown Corporation General Gross Debt Sinking Funds Government Business Enterprise Specific Gross Debt Government Business Enterprise (Millions of Dollars) PUBLIC DEBT OF THE GENERALAs REVENUE at FUND March 31 As at March 31 DEBT OF THE GENERAL REVENUE FUND 62 Budget 2011-12 | Budget Summary ups fConcorporations. Crown of purpose the for are requirements borrowing 2011-12 All 2010-11. in million $789.5 forecast of requirements to compared million, $886.8 be to estimated are requirements borrowing 2011-12 Province’s The FUND BORROWING REVENUE GENERAL 31 GDP March at OF As % A AS DEBT PUBLIC GRF

Per Cent 10 15 20 0 5 13.4% 20.0% 0.9% 5.7% 2008 11.8% 6.3% 4.7% 0.8% 2009 nepieSpecific Enterprise Business Government 13.9% 5.3% 7.2% 1.4% 2010 13.7% 6.8% 1.1% 5.8% 2011 General Corporation Crown 13.3% 1.1% 6.5% 5.7% 2012 13.8% 5.4% 1.0% 7.4% 2013 General Government 13.9% 5.1% 1.0% 7.8% 2014 13.5% 2015 4.9% 0.9% 7.7% Budget Summary | Budget 2011-12 63 (309.4) (397.3) (329.4) (307.5) 2010-11 Forecast $ 307.5 $ 0.0 $ 20.0 503.0 120.0 406.9 to recognize the ($ Millions) 39.2 (37.7) 421.7 (415.7) 2011-12 $ 362.7 $ 325.0 $ 382.5 Estimated 0.0 (19.7) 356.7 (15.7) 1,014.2 165.5 210.9 to recognize the amount and timing of non-cash and, which will be used to repay government general public debt. Reconciliation of Surplus and Change in Government General Public Debt cash available to reduce debt; • CIC Equity Repayment • Change in Cash Balance • Sinking Fund Proceeds • Other 3. Other Cash Sources 4. Change in Sinking Funds 1. Adjustment to Cash Basis 2. Capital Acquisitions amount of cash inflowsthe and outflows from loan, investment and otherAdding changes activities in to sinking funds determine Adjusting the surplus torevenues a and cash expenditures basis to determine the cashAdjusting provided for from cash operations; required for capital acquisitions; Adding other cash sources or subtracting other cash requirements Cash Available to Reduce Debt Cash Provided by Operations Decrease in Government General Public Debt Surplus (on Accrual Accounting Basis) 4. 2. 3. The amount by whichthe government surplus general reported public under debt the will accrual change basisThe may of difference be accounting. between higher the ordebt surplus lower will and than change the is amount reconciled by by: which1. government general public 64 Budget 2011-12 | Budget Summary sa ac 31 March at As DEBT OF STATEMENT SUMMARY debt. other this not for is responsible GRF The entities. other to obligations additional have organizations other and corporations Crown Some corporations. Crown certain purposesof the or purposes GRF government the either by for borrowed debt all includes debt DEBT GRF OF STATEMENT SUMMARY DEBT SERVICING OF COST the of value the dollar. in Canadian change a from result that currency foreign debt on losses or gains and, commissions; and discounts, premiums, of amortization such the debt, as: gross the to related charges all costs include servicing debt payments, interest to addition DEBT In SERVICING OF COST R ulcDb o Government for Debt Public GRF oa oto evcn rs Debt Gross Servicing of Cost Total Debt Specific Enterprise Business Government Debt General Corporation Crown Debt General Government Dollars) of (Millions umr ttmn fGaate Debt Guaranteed of Statement Summary Debt of Statement Summary Debt Other Debt Public Corporations GRF Crown for Debt Public GRF Dollars) of (Millions niisb itn ohteGFdb n h debt the entities. and other debt to GRF the both listing by governmententities of debt public combined 92 the page calculates on Debt of Schedule Summary The million. $9.1 approximately by 2011-12 in debt ofgovernment servicing cost estimated the increase in assumed would levels Budget from the year full a for rates in interest increase point percentage long-term one cent A per rates. 5.0 interest and short-term cent per 2.0 based are on estimates cost servicing debt 2011-12 The siae oeatActual Forecast Estimated 97$3. 23.4 $ 30.9 $ 39.7 $ 4,140.5 $ 4,140.5 $ 3,815.5 $ ,6. ,2. 8,227.0 $ 8,526.4 $ 7,992.6 $ 9,066.3 8,368.5 $ $ 8,853.8 $ ,3. ,2. 3,852.1 4,228.0 5,038.3 1. 5. 234.4 157.9 212.5 0221 2010 2011 2012 siae Forecast Estimated 6. 657.0 $ 663.5 411.1 $ $ 392.3 $ 011 2010-11 2011-12 4. 227.0 243.5 7718.9 27.7 Budget Summary | Budget 2011-12 65 ––– Forecast fiscal year (required); or, amount of significant, unexpected revenues received for the fiscal year, asthe determined minister by (special transfer). The opening balance of the GFSF$958.3 in million. 2010-11 was Subsequently, transfers to the GFSF represent either: • 50 per cent of any pre-transfer surplus for any • subject to the approval of Treasury Board, the Transfers out of the GFSF may beminister, subject made to by the the approval of Treasurywith Board, the objective of achieving thetwofold aforementioned purpose. – (325.0) 20.0 (267.5) 75.0 100.0 112.5 20.0 57.5 75.0 100.0 112.5 2010-11 2011-12 2012-13 2013-14 2014-15 $ 958.3 $ 978.3 $ 710.8 $ 785.8 $ 885.8 $ 978.3 $ 710.8 $ 785.8 $ 885.8 $ 998.3 The Growth and of Saskatchewan’s long-term objectives by providing for financial security of the Government of Saskatchewan from year toand, year; available for appropriation to be usedprograms of for the Government of Saskatchewan identified as promoting or enhancing the economic development of Saskatchewan. the GFSF from the GRF Closing Balance * 2010-11 opening balance reflects actual 2009-10 closing balance. (Financial Security/Debt Reduction) (Millions of Dollars) Opening Balance* Plus Transfers to the GFSF from the GRF (50% of Pre-Transfer Surplus) Minus Transfers from the GFSF to the GRF Net Transfers to (from) GROWTHANDFINANCIALSECURITYFUND GROWTH AND FINANCIAL SECURITY FUND TRANSACTIONS The Growth and Financial Security Fund (GFSF) was established with the assent of Financial Security Act. The purpose of the GFSF is twofold: • to assist in the achievement of the Government • to provide a source of funds that are to be 66 Budget 2011-12 | Budget Summary ETRTRMN UDFORECAST FUND RETIREMENT DEBT debt. the eliminating in Saskatchewan of Government the achieving of in objective assist long-term to the is DRF the of purpose The after or 2008. on 1, fund April the to the allocated of are surpluses that the GRF of accounting an is DRF The Act. of assent the establishedwith was (DRF) Fund Retirement Debt The D N U F T N E M E R I T E R T B E D 031 upu Forecast Surplus 2013-14 uuaieTtl$2834$2834$3259$3209$3309$3,503.4 $ 3,390.9 $ 3,290.9 $ 3,215.9 $ 2,833.4 $ 2,813.4 $ Total Cumulative Forecast Surplus 2014-15 Forecast Surplus 2012-13 Forecast Surplus 2011-12 Forecast Surplus 2010-11 Surplus2009-10 Dollars) of (Millions h rwhadFnnilSecurity Financial and Growth The 2,813.4 $ 2009-10 cul21-121-221-321-42014-15 2013-14 2012-13 2011-12 2010-11 Actual –––– ––– –––– 20.0 ––– –– – $–$–$–$–$– rnfrmd u fteGS yteminister, the by GFSF the of out made transfer a • any for surplus pre-transfer any of cent per 50 • either: represent DRF the to Allocations 382.5 betv feiiaigtedebt. the eliminating long-term of the objective in assisting of for purpose Board, Treasury the of approval the to subject or, (required); year fiscal –––– Forecast 75.0 ––– 100.0 –– 112.5 – Budget Summary | Budget 2011-12 67 60,000 50,000 2011 40,000 30,000 2007 Family Income (Dollars) 20,000 $628 $372 10,000 0 0

700 600 500 400 300 200 100 rdtAon (Dollars) Amount Credit ENHANCED SASKATCHEWAN LOW-INCOME TAX CREDIT (Family with Two Children) The Government also significantly increased the provincial disability-related income tax credits in 2008. The Caregiver and Infirm Dependant Tax Credit amounts were doubled. The Disability Tax Credit amount was also increased to matchamounts, these along with the Supplement amount for disabled children. The 2008 initiative also significantly enhanced the refundable Saskatchewan Low-Income Tax Credit to ensure that lower and moderate income individuals and families share in Saskatchewan’s economic prosperity. The Saskatchewan Low-Income Tax Credit provides benefits to about 275,000 provincial households. 2011-12 REVENUE INITIATIVES Government announced the largest single-year income tax reduction in Saskatchewan’s history. This tax cut significantly increased Saskatchewan’s income tax exemption amounts. The basic andexemptions spousal were each increased by $4,000 andexemption the in respect of dependent children was increased by $2,000 per child. The 2011-12 Budget announces a $1,000to increase the basic and spousal exemption$500 amounts per and child a increase to theof exemption in dependent children, respect effective for the 2011year. This taxation increase will raise the basicexemption and amounts spousal to $14,535 and thechild dependent amount to $5,514 per childand for will the save current Saskatchewan year, taxpayers an$60 estimated million per year. These measures will increase the income threshold at which Saskatchewan residents begin to pay provincial income tax and will remove an22,000 estimated taxpayers from the provincial income taxSaskatchewan’s basic roll. personal exemption is the second highest in Canada and therespect exemption of in dependent children is the highestCanada. in This latest personal income tax reduction supplements the Government’s previous income tax reduction initiative. In October 2008, the REDUCINGPERSONALINCOMETAXES This paper describes specific measures the Government has taken to reduce taxes sinceincluding new 2007, revenue measures contained in the 2011-12 Budget. 68 Budget 2011-12 | Budget Summary 01TXTO YEAR TAXATION 2011 AU FTXRDCIN N NACDBENEFITS ENHANCED AND REDUCTIONS TAX OF VALUE with families Saskatchewan help to Benefit Families Active the introduced Government the 2009, In page. this of top the at table the in illustrated as enhanced, significantly been have amounts credit tax income personal measures, Saskatchewan’s tax of income many personal these of result a As 2011. taxpayersin Saskatchewan for tax million a $56 in of result savings will 2007 since system provincial tax income the of indexation the of effect cumulative The inflation. by caused increases tax – automatic creep” “bracket from taxpayers protects tax and credits income personal of value real Indexation the inflation. preserves of rate national the to indexed fully remained have amounts credit tax personal and brackets tax income personal Saskatchewan’s that ensured has Government the addition, In AMOUNTS CREDIT TAX INCOME PERSONAL SASKATCHEWAN ENHANCED neainfrte20 o21 aainYears Taxation 2011 to 2008 the for Indexation Enhancement Credit Tax Low-Income Enhancements Exemption Tax Income Personal 2008 Enhancements Exemption Tax Income Personal 2011 oa e a eutosadEhne Benefits * Enhanced and Reductions Tax New Total Measures* Other Caregiver nimDependant Infirm Supplement Disability Disability Child Dependent Spousal/Equivalent Personal Basic nldsteAtv aiisBnftadteehneet otedsblt-eae a rdtamounts. credit tax disability-related the to enhancements the and Benefit Families Active the Includes akthwnrsdnsi 2011. in to residents Saskatchewan savings tax in million $420 providing initiatives are these total, In roll. tax income provincial the on longer no are residents Saskatchewan 114,000 estimated an reductions 2007, tax since income introduced personal the of result a As Taxes Income Personal Reducing of Impact credit. a tax refundable as system out tax paid income is provincial benefit the The through activities. eligible in aged 14 child to a registering 6 of cost per the offset $150 to to child up of rebate annual an provides Benefit Families Active The programs. sports and cultural, recreational in participation children’s their of costs the ,4 14,535 $ 8,945 $ ,9 8,563 4,095 ,9 8,563 8,563 8,563 4,095 5,514 4,095 14,535 7,021 2,795 8,945 072011 2007 iloso Dollars of Millions 60 $ 420 $ 246 56 46 12 Budget Summary | Budget 2011-12 69 701 753 Total –$ –$ 300 $ 1,741 300 $ 1,842 300 $ 2,507 300 $ 2,447 300 $ 2,240 Benefit Savings 2 0 68 395 467 212 272 120 Savings Low-Income Active CORPORATION CAPITALONFINANCIALINSTITUTIONS TAX Saskatchewan eliminated the Corporation Capital Tax (CCT) on general corporations effective July 1,The 2008. CCT continues to apply toat financial a institutions, rate of 3.25 peraggregate cent taxable for paid-up institutions capital with – including all associated corporations – in excess ofFor $1.5 financial billion. institutions below this threshold, the tax rate is 0.7 per cent. Reducing the small business tax ratethird to lowest the in the country improves thecompetitiveness of tax Saskatchewan’s small business sector and provides a strong entrepreneurial incentive. This measure will provide an estimated $80 million in annual tax savingsowners, to who small generally business reinvest into their businesses and their employees. 1 Savings $ 1,046 $ 633 $ 633 Income Tax Tax Credit Families Annual Income tax savings are relative to 2007 and includeLow-Income the Tax 2008 Credit tax savings reductions, are indexation relative adjustments to for 2007 the and 2008 include through the 2011 2008 taxation program benefit enhancements and the indexation adjustments for the 2008 through 2011 taxation years. years and the 2011 tax reductions. Families with Two Children Single Parent at $35,000 Single-Income Couple at $35,000 $ 1,075 Single Person at $35,000 1 2 Single-Income Couple at $50,000 $ 1,995 Two-Income Couple at $50,000 $ 1,875 Two-Income Couple at $75,000 $ 1,940 Individuals Single Person at $25,000 DISTRIBUTION OF TAX SAVINGS AND BENEFIT IMPROVEMENTS IN 2011 CORPORATION INCOMEONSMALLBUSINESSES TAX The 2011-12 Budget announces a reduction tosmall the business Corporation Income Tax rate from 4.5 per cent to 2.0 perThe cent, tax effective rate July reduction 1, will 2011. betaxation prorated years for that corporate straddle this effective date. In addition, the dividend tax credit ratereceived from on small dividends business corporations will be reduced, from 6 per cent totaxation 5 year per and cent to for 4 the per 2011 year, cent to for reflect the the 2012 reduction taxation in theincome small tax business rate. This change maintainsdegree the of current integration between the provincial corporate and personal income tax systems forbusiness dividend small income. The table at the bottom ofindication this of page the provides value an that thepersonal Government’s income tax reductions and benefit improvements have for illustrative Saskatchewan families. Under the current tax rules, when the taxable paid-up For further information on Saskatchewan’s personal capital of a small financial institution grows beyond income tax initiatives, the corporate income tax the $1.5 billion threshold, the entire amount of that rate reduction for small businesses or the CCT taxable capital becomes subject to the higher change, please contact the Ministry of Finance at Saskatchewan CCT rate. This represents an 1-800-667-6102. immediate and significant increase in tax payable as For further information on the Active Families a result of crossing over the threshold, thus unfairly Benefit, please contact the Ministry of Tourism, Parks, penalizing the growth of small financial institutions Culture and Sport at 1-866-951-8828. in Saskatchewan.

The 2011-12 Budget converts this threshold to a bracket, effective for taxation years ending on or after October 31, 2009, for all financial institutions that have previously qualified for the lower CCT rate for small financial institutions. This will result in smaller financial institutions being subject to tax at a rate of 0.7 per cent on the first $1.5 billion of their taxable capital and a rate of 3.25 per cent on their taxable capital in excess of $1.5 billion. | Budget Summary Budget 2011-12 70 Budget Summary | Budget 2011-12 71 Total 3 $3.4 $163.5 $21.8 $611.7 $21.6 $619.7 $21.0 $579.6 $28.5 $908.9 $25.1 $745.3 9.51 second tier mill rate will14.75; decline and, from 15.75 to rate will decline from 10.08 to 9.51. 38.0 per cent in 2007; 6.0 per cent in 2007; and, 9.7 per cent in 2007. Residential Grants-in-Lieu • $5.6 million for Commercial property – the • $18.7 million for Residential property – the mill The total education property tax relief inbe 2011 the will following: • 80.9 per cent for Agricultural land versus • 17.4 per cent for Commercial property versus • 29.0 per cent for Residential property versus 2 7.08 14.70 10.08 3.91 14.39 7.08 14.78 10.08 $68.0 $255.0$68.1 $266.8 $254.8$37.4 $275.2 $253.8 $267.4 65.4% 17.0%65.3% 29.2% 17.0%80.9% 27.0% 17.4% 29.0% 47.0% 6.9% 12.0% 47.1% 6.6% 12.6% $196.4 $307.1 $376.9 $104.0 $286.9 $329.4 Agriculture Commercial 1 1 1 The Tax Levy by yearCommercial includes mill growth rates in are the tiered property based base on as taxable new assessment. housing In and 2011, businesses the are mill added. Estimate rate for will Grants-in-Lieu be of 12.25 Taxes. on the first $499,999 of assessment, 14.75 on the amount between $500,000 and $5,999,999 and 18.55 for amounts above $6,000,000. The predicted average Commercial mill rate is 14.78 in 2009, 14.70 in 2010 and 14.39 in 2011. will decline from 7.08 to 3.91; 2011 Relief Commitment 80.0% 10.2% 20.0% 2010 Mill Rate 2010 Tax Levy 2010 Relief Commitment2011 Mill Rate 2011 Tax Levy 56.0% 8.3% 15.0% 2008 Commitment 2009 Mill Rate 2009 Tax Levy 2009 Relief Commitment 56.0% 8.3% 15.0% (Millions and Per Cent) 2008 Tax Levy 2008 Property Tax Credit2008 Net Levy 2008 Tax Relief $92.4 $20.2 $47.5 2009 Tax Relief 2010 Tax Relief 2011 Tax Relief 1 2 3 REDUCINGEDUCATIONPROPERTYTAXES In the 2011-12 Budget, the Governmentthe will commitments meet made with respect to reducing education property taxes and increasing the government’s share of K-12 education costs. In2007 the platform and in the 2009-10Government Budget, committed the to double the level of education property tax relief during the mandate. The final stage of this commitmentthe will provision be of met additional with education property tax relief of $55.6 million in thesavings 2011 for taxation property year. taxpayers The in the varioustax property classes will be the following: • $31.3 million for Agricultural land – the mill rate MEETINGTHECOMMITMENT TAX REDUCTIONS BY PROPERTY CLASS LOWER EDUCATION PROPERTY TAXES property taxes in 2011 and this will also apply to Agricultural land. The same middle tier mill rate Since 2008, education property taxes will have been reduction will be available for business in reduced by $165.7 million or 22.2 per cent. In 2011, Saskatchewan. the education property tax levy will be approximately $579.6 million while, in 2008, the levy after the In 2011, a residence in Regina with a taxable credit was $745.3 million. This reduction occurred assessment of $263,200 will have a reduction in even though there has been an expansion in the education property taxes of $150 or 5.7 per cent. property tax base in recent years resulting from A medium-sized commercial business in Saskatoon Saskatchewan’s growing economy. with a taxable assessment of $2.0 million will have a reduction of $1,501 or 5.0 per cent and 10 quarter Agricultural land in the Rural Municipality of sections of Agricultural land in Winslow will have Winslow will have benefited from a total reduction a reduction of $1,044 or 44.8 per cent from the tax of over 60.0 per cent since 2008. A small commercial levels paid in 2010. property owner in Regina will have a total reduction of 18.8 per cent and a residence in Swift Current will have benefited by a reduction of 19.0 per cent since ACHIEVING A FAIRER BALANCE 2008. The individual reduction in each area depends It has been a long-standing goal of governments in on the manner in which the 2009 revaluation and the Saskatchewan to rebalance the share of education removal of mill rate factors affected each individual operating costs covered by the Province and reduce community and property class. the burden borne by property taxes. The ratio of There is now a consistent mill rate being applied provincial funding versus property tax funding had across the Province in the different property tax fallen to 40:60 by the 1990s. With the changes classes and these rates are set on a Province-wide implemented in the 2011-12 Budget, the ratio of basis. Homeowners across Saskatchewan, for example, provincial funding to property tax funding of will have the same percentage reduction in education education costs will rise to 65:35.

EXAMPLES OF TAX REDUCTIONS

2

1 1

Property 2008 TaxableAssessment 2008 Net Levy 2011 TaxableAssessment 2011 Tax Levy ChangeLevy in Tax from 2008Change ($) Levy in Tax from 2008Change (%) Levy in Tax from 2010Change ($) Levy in Tax from 2010 (%) RM of Winslow: 10 Quarter Sections Arable Land 293,535 3,351 329,450 1,288 (2,063) -61.6 (1,044) -44.8 Katepwa Residential 201,600 4,036 268,170 2,550 (1,486) -36.8 (153) -5.7 Canora Residential 79,800 1,541 79,520 756 (785) -50.9 (45) -5.7 Swift Current Residential 140,190 2,295 195,370 1,858 (437) -19.0 (111) -5.7 Swift Current Medium Commercial 1,357,970 51,408 1,989,100 28,089 (23,319) -45.4 (1,489) -5.0 Saskatoon Residential 200,000 3,043 291,900 2,776 (267) -8.8 (166) -5.7 Saskatoon Medium Commercial 1,690,400 35,493 2,001,100 28,266 (7,227) -20.4 (1,501) -5.0 | Budget Summary Regina Residential 200,000 2,970 263,200 2,503 (467) -15.7 (150) -5.7 Regina Small Commercial 244,400 5,713 378,800 4,640 (1,072) -18.8 0 0.0 Regina Medium Commercial 1,280,500 31,512 1,998,000 28,221 (3,291) -10.4 (1,498) -5.0

1 Budget 2011-12 Taxable Assessment: percentage of value (POV) has been applied (assessed value x POV = taxable assessment). 72 2 Net levy includes the application of the Education Property Tax Credit. Budget Summary | Budget 2011-12 73 Eliminating preventing FASD gaps in education ASD/FASD and and employment people with for First Nations and Supporting needs for Métis people Spectrum Strategy and Métis Employment Autism Strategy First Nations Disorder Strategy Education and and Fetal Alcohol The proposal incorporates provincial strategies focussed on improving those key determinants which drive Child Welfare, First Nations andEducation Métis and Employment, and Autism and Fetal Alcohol Spectrum Disorder. Additionally, the Saskatchewan Police and Partners Strategy to Reduce Crime and Violence will continue to supportChildren the and Youth Agenda through initiatives involving police services and community leadership. ANDYOUTHAGENDA TH AGENDA Review Investments Police and Child Welfare and Violence Saskatchewan to Reduce Crime SASKATCHEWAN’SCHILDREN Partners Strategy Panel by reducing Responding to the crime and violence communities Creating safer the Independent recommendations of The Province’s 2011-12 Budget includes the firstSaskatchewan ever Children and Youth Agenda budget, which invests more than $34 milliongovernment in approach a to new, cross- the complex issues facing Saskatchewan children, youth and families. The Cabinet Committee on Children and Youth, formed in December 2010 in responseSaskatchewan to Child the Welfare Review Panel’s report, led to development of the Saskatchewanand Children Youth Agenda multi-ministry budget proposal. SASKATCHEWAN CHILDREN AND YOU 74 Budget 2011-12 | Budget Summary 9. hlrnadterfmle trs,sc slower as such risk, at families their and children facing problems common the address that ministries several across programs and funding identifies Agenda Youth and Children Saskatchewan The 8. 7. 6. 5. 4. 3. 2. 1. themes: common nine by linked fundamentally are strategies above-mentioned of the each regarding solutions and challenges issues, The n omnte,i diint increased to addition in communities, and inaction costs with economic associated and social high are There addressed. be to need settings community and family unsafe unemployment, parenting, of lack addictions, disability, housing, poverty, with associated Challenges xedtrsb ua evc ministries. service human by expenditures matter. health of determinants Socio-economic difference makea really Supports Family and Individual communities. and culture to appropriate essential is Métis people and Nations First with Engagement solutions. or problems the own solely not does Government and since leadership responsibility, shared attain to others and Métis Nations, First stakeholders, community differently work to needs Government approach. cross-government the in included are care and learning development, childhood early impact. a long-term have and will positive years early the in Investment sectors. across and strategies with the theme all underlying key a is Prevention action. and making decision evidence-based and supported research- for action well-positioned for is base Government evidence strong a is There abuse. or violence maltreatment, abuse, substance issues, health mental levels, education lower unemployment, affected poverty, be by can Clients ministries systems. of service number and a with closely interact sectors,they across common are clients Many ocin outcomes. client to oesr ouin are solutions ensure to o niiul,families individuals, for netet in Investments with and and eeo e evcswt Community-Based with services new Develop • Service Family and Child Nations First Support • Panel. Review Welfare Child the of recommendations the addressing toward moves Government the a as strategy of long-term part form will most investments the These have need. that urgent areas fund will million $15.3 of Investments Review Welfare Child 2011-12 new The budgets. future in and future the in implemented be to expected are enhancements and initiatives Additional the Budget. 2011-12 in implemented being initiatives new the Committee Cabinet and new the of creation the Review includes the to response initial Province’s welfare The child system. the changing and partners; Métis and Nations First with differently working determinants; key and prevention including change fundamental on focus which recommendations 12 report made The organizations. Métis and Nations First and stakeholders with process consultation extensive following an 2010, 16, December on report its released panel The Review. Welfare Child comprehensive a undertake to panel independent an commissioned Saskatchewan of Government the 2009, In INVESTMENTS REVIEW WELFARE CHILD ot gnai 2011-12. in and Agenda Children Youth the in ministries across made investmentsbeing new the describes table following The challenges. these to approach targeted comprehensive, a for allow will effort cross-government new, This abuse. substance and issues health mental unemployment, levels, education eeomna rbhvordfiute and difficulties behaviour or developmental with children for services care foster therapeutic provide to (CBOs) Organizations $1,500,000; placed – are on-reserve who care Province’s the in for children management case better provide to Agencies Budget Summary | Budget 2011-12 75 – 50 200 500 600 400 350 300 750 500 600 100 100 280 350 200 1,000 4,425 2,575 8,400 2,600 2,000 1,400 1,000 1,000 2011-12 Increases $ 300 $ 15,330 $ 2,000 $ 1,500 $$ 1,600 34,030 $ 17,100 $ 900 3 KidsFirst 2 1 Workplace, First Nations and Métis People and Families Provided by CBOs Children and Youth Agenda FASD – Community Supports FASD – Prevention/Education FASD – Diagnosis and Assessment Adult Basic Education – Essential Skills for the Prekindergarten Programs Individual Achievement Accounts ASD – Diagnosis and Assessment First Nations Case Management by Care Foster and Provided CBOs Treatment Payments Home Assessments Intensive Family Supports 1,250 Provincial Training Allowance, First Nations and Métis People Apprenticeship Training for First Nations and Métis People Description Early Childhood Intervention Programs and Family Finders Saskatchewan First Nations Family andOut-of-Home Community Residential Institute and Extended Family Care School Capital for Prekindergarten Programs First Nations and Métis EducationHigh Initiatives School Fund Completion Initiatives Fund Visitation and Supervision for Children in Care Further Child Welfare Response Consultation and Planning Increase Child Protection Workers – 30 FTEs First Nations and Métis Engagement Related to the Autism Spectrum Disorder (ASD) – Interventions Sub-Total Autism Strategy Sub-Total Fetal Alcohol Spectrum Disorder (FASD) Strategy An additional $1.05 millionPrekindergarten was is provided not for exclusively this targeted initiative to in First 2010-11 for Nations 24See and emergency footnote Métis child 2. children; welfare however, spaces. this investment by the Ministry of Education is expected to benefit many First Nations and Métis children and families. Fetal Alcohol Spectrum Disorder (FASD)Health Strategy Health Sub-Total Autism Strategy and Fetal Alcohol Spectrum DisorderTotal Strategy Saskatchewan’s Children and Youth Agenda 1 2 3 Health Education Sub-Total First Nations and Métis Education and Employment Health First Nations and Métis EducationAdvanced and Education Employment Employmentand Immigration (AEEI), Task Force Educationand on FNMR First Nations and Métis AEEI Education and Employment Education Tourism, Parks, Culture and SportSub-Total Child Welfare After Review School Program Ministry Child Welfare Review Social Services Social Services Social Services AEEI AEEI Health and Education Social Services Social Services Social Services Education Education Education Social Services Social Services Social Services Autism Strategy and Fetal Alcohol Spectrum Disorder Strategy First Nations and Métis Relations (FNMR) Justice and Attorney GeneralJustice and Attorney General Aboriginal Courtworker Child Welfare Pilots Northern Transportation and Safety Initiative Autism Strategy Health (Thousands of Dollars) SASKATCHEWAN’S CHILDREN AND YOUTH AGENDA 76 Budget 2011-12 | Budget Summary nraefnigi al hlho Intervention Childhood Early in funding Increase • residential out-of-home for funding new Provide • Family Nations First the of capacity the Increase • Métis and Nations First help to funding Provide • Finders Family the of capacity the Increase • the of phase next the for plan and Consult • CBO-managed of development the Support • Child (FTE) Equivalent Full-time new 30 Add • model support family intensive 24/7 a Develop • rvd udn oeal ute ioso the of pilots further enable to funding Provide • n eeomn rgasand programs Development and $8,400,000; – care family extended and $300,000; Services – Family Agencies and Child Nations First policies in and standards for training and building capacity support to Institute Community and $350,000; – strategies inter-ministerial key the across Government with process dialogue overarching an in participate representatives $350,000; – off-reserve care First in children for families Nations Nations First find to program $400,000; – Review Report Welfare Child the to response Ministry’s $500,000; – families with care in children for supports transportation supervision, visitation, $750,000; – system current the in pressures immediate address to child system the welfare in frontlines the to Workers Protection placement); short-term for for care spaces emergency/respite new 24 for infrastructure develop the to 2010-11 in provided was funding capital (additionally, $1,000,000 to 3:00 – p.m. as 11:00 such times critical during families help to counseling and supports by in-house care utilizing into coming from children prevent to $1,250,000; – adoptions and placements family extended care, foster for assessments home nspotn hl efr ae $200,000; – cases welfare child supporting on emphasis with program Courtworker Aboriginal $280,000; KidsFirst – lmnt h asi dcto eesandemployment. levels education in gaps the eliminate to solutions practical a recommended provide of as shortlist well as off-reserve, and including on- people, youth, Métis and Nations First on focusing consultation public provincial broad a undertake contemplated to also is force task independent labour An force. the and education in success Nations and participation First increase to actions on Affairs (INAC) Northern Canada and Indian of Department the and (FSIN) Nations Indian Saskatchewan the of Federation with partnership in work will Province The people. Métis and with Nations engaging First by and everyone by challenges of the ownership shared through achieved be goal only This Province. can the for priority a is Saskatchewan in people non-Aboriginal and people Métis and Nations First between outcomes education employment in and gaps persistent the of elimination The EMPLOYMENT AND MÉTIS EDUCATION AND NATIONS FIRST enpae ihFrtNtosadrltvso-and on- relatives off-reserve. and Nations First with placed been have children, Nations First more particularly and children, declining be even might have or to stabilized appears care into coming children of The number care. in been children has regarding there progress future, recent the some in and have now addressed that be system to the in needs are there clearly While various with strategy after-school an Develop • northern of transportation for funding Provide • etrpartners. sector and, $50,000; – to situations shelters abusive in children and women Budget Summary | Budget 2011-12 77 1,507 1,176 3,227 31-Jan-11 1,264 1,428 3,348 31-Mar-10 Children in care – Ministry programs for 640 more children, whileexclusively not targeted to First Nations andchildren, Métis will benefit many First NationsMétis and children and families. Prekindergarten fosters social development and school success, promotes language development and engages families – $2,600,000 in program operational funding and $2,000,000 in capital toprekindergarten classrooms; develop Education Initiatives Fund to support school divisions to implement educational outcome initiatives in their First Nations andEducation plans Métis – $1,400,000; initiatives aimed at improving high school completion rates for Aboriginal students across the Province – $1,000,000; and, Development Accounts program in Saskatoon, the Government will support programs in additional Saskatchewan communities that involve corporate, business, education and community partners in working with students to stay in school, setwhile and developing meet job financial readiness goals, skills – $500,000. 1,206 1,297 3,593 31-Mar-09 • Double the existing First Nations and Métis • Support school divisions to implement specific • Building on the success of the Individual 1,103 1,166 3,336 31-Mar-08 Children in care – First Nations Agencies 3,243 1,045 1,159 31-Mar-07 888 3,053 1,123 Non-wards living in out-of-home care – Extended Family 31-Mar-06 731 1,099 2,907 31-Mar-05 0 stay in the programs andworkplace by experiences offering – real $4,425,000; will provide cost-of-living support to First Nations and Métis students intraining post-secondary programs – $2,575,000; Nations and Métis people entering skilledprograms through trades apprenticeship training; Education, adding 40 new prekindergarten Métis Success in Education and$2,000,000; Employment – which expands on a newprogram approach by to focusing the on literacy andoffering the numeracy, program within students’ communities, practical supports to help students 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 • Increased Provincial Training Allowance funding • Allocating $600,000 in funding to support First • As a key investment by the Ministry of The 2011-12 Budget provides for theinvestments, following totaling $17.1 million, in First Nations and Métis Education and Employment outcomes, the task force, post-secondary training opportunities, high school completion and success and prekindergarten. • Funding for the Task Force on First Nations and • Increased expenditures in Adult Basic Education CHILDREN IN CARE 78 Budget 2011-12 | Budget Summary anhn io ADfml upr program support family FASD pilot a Launching • investments: following the includes Strategy Disorder Spectrum Alcohol Fetal The and assessment diagnostic, ASD Increasing • adding by therapies rehabilitation Enhancing • investments: following the contains Strategy Autism The families. their and individuals both support will 2011-12, for million $1.6 totalling initiatives, These Disorder. Spectrum Alcohol Fetal and Autism with individuals assess and support to and Disorder Spectrum Alcohol Fetal prevent to strategies enhanced significantly implementing is Government The DISORDER STRATEGY SPECTRUM FETAL AND ALCOHOL STRATEGY AUTISM eeoiga ADpeeto strategy prevention FASD an Developing • nacn cest dl ADdiagnostic, FASD adult to access Enhancing • erainlatvte n o h rvso fan of provision the for and and activities vocational recreational positive in engaged be and to lifeskills build to FASD with individuals help to services mentorship additional of provision the services, accessing skills and parenting with families affected assist to $100,000. team – care health multidisciplinary existing an psychologistto one adding by services intervention and, $900,000; – demand high of areas in workers support and psychologists therapists, occupational pathologists, language speech more aaiyt cenpenn oe o alcohol for women pregnant screen to increase capacity will that training provider care health additional and youth northern targeting – $300,000; FASD with individuals for program addictions utdsilnr elhcr em–$100,000. – team care existing health an multidisciplinary to psychologist one adding by services planning intervention and assessment – and, behaviour $200,000; drinking at-risk with women for interventions brief provide to and consumption CONCLUSION violence. and crime reduce to practices promising and best applying work their collaborative on carry will agencies service human investments, these Beyond capacity. enforcement police in investment its continue will Government the 2011-12, In and citizens. safety Saskatchewan the of ensuring security for priority a as violence crime and of reduction the identified has Province The VIOLENCE AND REDUCE TO CRIME STRATEGY AND PARTNERS POLICE SASKATCHEWAN uue o oeo h rvnesms vulnerable people. most Province’s the of some for futures brighter and outcomes better in result ultimately will and people, Saskatchewan facing issues critical to strategies responsive and comprehensive co-ordinated, better provide will Youth Agenda, and Children the by reflected as planning, inter-ministerial to approach new Government’s The SASKATCHEWAN PROVINCIAL BUDGET 11-12 GENERALREVENUEFUND(GRF) BUDGETDETAILS 80 Budget 2011-12 | Budget Summary rnfr oGvrmn Organizations...... Government to Transfers mriaino aia ses(rs)...... (Gross) Assets Capital of Amortization custo fCptlAssets...... Capital of Acquisition Ices)Dces nNtDb rmOeain ...... Operations from Debt Net in Decrease (Increase) nulSurplus...... Annual Revenue...... 1 Year of End Debt, Net ...... Year of Beginning Debt, Net ...... (Net) Land Agricultural of Disposal Year of End Deficit, Accumulated ...... Year of Beginning Deficit, Accumulated ...... Surplus ...... Fund Security Financial and Fund...... Growth Security from Transfer Financial and Growth (to) Transfer ...... (Deficit) Surplus Pre-Transfer ...... Expense D N Deficit U F Accumulated and E U Operations N of E V E Statement R L A R E N E G D N U Debt F Net in E U Change N of E V E Statement R L A R E N E G rnfro eerhPr sest rw netet oprto CC necag o qiaeticesdeut nCIC. in equity increased equivalent for exchange in (CIC) Corporation Investments Crown to assets Park Research of Transfer 149,296 $ 382,517 $ $10,794,300 (3,567,410) $ (143,917) $ 382,517 $ 115,034 $ 10,679,266 (3,716,706) siae oeatEstimated Forecast Estimated siae oeatEstimated Forecast Estimated (415,655) (526,434) 174,434 011 001 2010-11 2010-11 2011-12 011 001 2010-11 2010-11 2011-12 325,000 (57,517) 8,000 – tosnso dollars) of (thousands tosnso dollars) of (thousands 7,5)$(144,080) $ (78,452) $ 994$20,000 $ 19,994 $ 1,8,0 9,949,900 $ $10,987,500 37676 (3,782,334) $ (3,716,706) $ (526,428) 20,000 $ (526,434) $ $ 19,994 (174,186) $ $ 39,989 $ 0975110,124,086 10,947,511 36824 (3,638,254) (3,638,254) 3726 (347,983) (397,256) 5648 (546,428) (546,428) 127,738 6,7 165,903 160,372 (19,995) 07018,000 10,700 194,186 – 1 – – GENERALREVENUEFUND

Statement of Cash Flow

(thousands of dollars)

Estimated Forecast Estimated 2011-12 2010-11 2010-11

Operating Activities

Surplus for the Year ...... $ 382,517 $ 19,994 $ 20,000 Add Non-cash Items: Amortization of Foreign Exchange (Gain) Loss ...... 1,528 737 1,510 Amortization of Capital Assets ...... 174,434 160,372 165,903 (Gain) Loss on Loans, Investments and Capital Assets ..... (15,920) (16,500) (26,640) Net Change in Non-cash Operating Activities...... (39,839) (329,759) (144,129) Earnings Retained in Sinking Funds...... (81,000) (144,230) (82,128) Cash Provided by (used for) Operating Activities $ 421,720 $ (309,386) $ (65,484)

Ministry Capital Activities

Acquisition of Capital Assets...... $ (415,655) $ (397,256) $ (347,983) Proceeds on Disposal of Agricultural Land...... 26,000 30,500 48,000 Cash Provided by (used for) Ministry Capital Activities $ (389,655) $ (366,756) $ (299,983)

Lending and Investing Activities

Receipts ...... $ 278,418 $ 904,092 $ 902,018 Disbursements ...... (1,029,195) (749,088) (1,072,017) Cash Provided by (used for) Lending and Investing Activities $ (750,777) $ 155,004 $ (169,999)

Financing Activities

Borrowing ...... $ 886,800 $ 789,459 $ 1,067,722 Debt Repayment ...... (378,988) (675,199) (687,320) Cash Provided by (used for) Financing Activities $ 507,812 $ 114,260 $ 380,402 (Decrease) Increase in Cash 1 $ (210,900) $ (406,878) $ (155,064)

1 Cash also includes temporary, short-term (less than 30 days) investments. | Summary Budget ugt2011-12 Budget

81 82 Budget 2011-12 | Budget Summary rnfr rmOhrGvrmns...... Governments Other from Transfers ae,Srie n evc es...... Fees Service and Services Sales, te iecsadPermits...... and Licences Other aaaSca rnfr...... Transfer Social Canada ...... Fees Vehicle Motor neet rmu,Dson n xhne...... Exchange and Discount Premium, Interest, aaaHat Transfer...... Health Canada akthwnLqo n aigAuthority...... Gaming and Liquor Saskatchewan ul...... Fuel Income...... Corporation Taxes Tobacco...... Sales...... Provincial ...... Income Individual Revenue Canada of Government the from Transfers ...... Other Canada of Government the from Transfers Revenue Own-Source Revenue Other ...... Other ...... Penalties and Forfeits Fines, Revenue Other Entities Crown from Transfers Funds...... and Enterprises Other Saskatchewan...... of Corporation Investments Crown Entities Crown from Transfers Resources Non-Renewable ...... Other ...... Surcharge Resource ...... Potash Oil...... Gas...... Natural Sales...... Land Crown Resources Non-Renewable Taxes ...... Other D N U F E U Revenue N of E V E Schedule R L A R E N E G pca iied...... Dividend Special – 847,100 $ 13,200 $ 1,568,800 $ 1,080,700 $ $10,794,300 9,225,500 $ 541,000 $ 587,800 $ 110,000 $ 2,828,900 $ 436,400 $ 5,267,800 $ siae oeatEstimated Forecast Estimated 1,270,700 1,915,200 1,410,100 124,100 352,700 162,000 136,500 369,000 422,000 011 001 2010-11 461,300 2010-11 2011-12 253,200 140,300 438,300 381,300 286,700 15,600 24,600 65,000 10,000 45,800 22,500 tosnso dollars) of (thousands 9,0 811,800 $ 795,400 $ 340$11,800 $ 13,400 $ ,6,0 1,699,700 $ 1,669,300 $ ,4,0 762,500 $ 1,147,200 $ 1,8,0 9,949,900 $ $10,987,500 8,250,200 514,500 $ $ 9,318,200 $ 672,800 $ 768,500 $ 956,800 $ 266,000 $ 266,000 2,108,000 $ $ 2,562,700 $ 202,800 $ 466,700 4,859,200 $ $ 5,125,900 $ ,2,0 1,186,300 1,964,700 1,220,200 1,790,100 ,3,0 1,098,300 1,232,600 2,0 108,300 127,200 4,0 342,400 342,600 152,400 160,600 0,0 134,300 203,300 3,0 545,500 531,300 65,000 124,000 1,0 10,000 213,500 3,0 445,600 435,100 4,0 452,700 445,700 4,0 235,100 248,200 3,0 145,000 398,700 221,000 137,600 398,700 301,500 257,900 274,500 58015,600 15,800 85027,100 28,500 22046,900 42,200 42,200 25,600 GENERALREVENUEFUND

Schedule of Expense

(thousands of dollars)

Estimated Forecast Estimated 2011-12 2010-11 2010-11

Ministries and Agencies Advanced Education, Employment and Immigration ...... $ 855,905 $ 918,792 $ 829,483 Agriculture ...... 417,880 475,667 385,776 Corrections, Public Safety and Policing...... 367,500 379,112 336,205 Education ...... 1,233,792 1,212,290 1,136,180 – Teachers’ Pensions and Benefits...... 198,507 192,275 176,815 Energy and Resources ...... 37,137 76,445 37,720 Enterprise and Innovation Programs ...... 27,347 24,400 9,547 Enterprise Saskatchewan ...... 41,803 40,036 37,036 Environment ...... 180,539 219,314 174,299 Executive Council...... 12,214 12,158 12,339 Finance ...... 58,911 58,448 60,353 – Public Service Pensions and Benefits ...... 280,860 262,342 264,474 Finance Debt Servicing...... 420,000 430,000 435,000 First Nations and Métis Relations ...... 82,255 73,590 85,740 Government Services...... 12,802 9,972 12,472 Health...... 4,462,620 4,567,871 4,202,325 Highways and Infrastructure ...... 380,311 426,439 402,939 Information Technology Office...... 16,374 16,369 16,369 Innovation Saskatchewan ...... 3,467 9,818 1,318 Justice and Attorney General...... 145,465 146,822 140,350 Labour Relations and Workplace Safety...... 16,972 16,213 16,213 Municipal Affairs ...... 388,713 362,884 382,207 Office of the Provincial Capital Commission...... 10,595 10,182 10,082 Office of the Provincial Secretary...... 3,579 3,418 3,358 Public Service Commission ...... 37,993 36,873 36,873 Saskatchewan Research Council ...... 18,133 16,633 16,633 Social Services...... 814,172 806,688 754,138 Tourism, Parks, Culture and Sport...... 100,703 103,792 109,271

Legislative Assembly and its Officers Chief Electoral Officer ...... 14,284 1,927 1,679

Children’s Advocate ...... 1,833 1,697 1,621 | Summary Budget Conflict of Interest Commissioner...... 145 306 156 Information and Privacy Commissioner ...... 1,114 977 927 Legislative Assembly...... 24,225 23,450 23,950 Ombudsman...... 2,982 2,294 2,221

Provincial Auditor ...... 8,134 8,017 8,017 2011-12 Budget Expense $10,679,266 $ 10,947,511 $10,124,086

83 84 Budget 2011-12 | Budget Summary D N U 31 F March at E As U Debt N of E V E Schedule R L A R E N E G akthwnPwrCroain.36325(333,593) 3,603,265 Saskatchewan Corporation.. Power akthwnGmn oprto. 12,800 Saskatchewan Gaming Corporation.. oenetBusiness Government (3,277) 100,000 (23,584) Saskatchewan Corporation.. Power 52,004 Opportunities Saskatchewan Saskatchewan Housing Corporation.. Financing Municipal uiia Financing Debt Municipal Specific Enterprise Business Government rw Corporation Crown CorporationInformation Services Debt General Corporation Crown urnedDebt Guaranteed (63,807) Debt Public 541,183 ...... Incorporated SaskEnergy Saskatchewan Telecommunications (5,515) 390,000 ...... Incorporated SaskEnergy Saskatchewan Telecommunications Debt General Government akthwnWtrCroain.6,7 (5,563) 63,675 Saskatchewan Corporation.. Water odn oprto ...... 111,400 Corporation ...... Holding odn oprto ...... 4660(75,089) 486,600 Corporation ...... Holding oprto...... 313(907) 43,183 11,356 Corporation...... SaskatchewanCorporation .... of oprto fSsacea ..$1634$(2,001) $ 126,304 $ SaskatchewanCorporation .... of fSsacea ...... 9,900 $ ...... Saskatchewan of nepieSeii et.....$47012$(474,490) $ 4,770,152 $ Debt...... Specific Enterprise (38,846) $ 781,518 $ ...... Debt General 91,335 $ (2,454,596) $ 11,308,412 $ (1,941,260) $ 5,756,742 $ rs etSnigFnsDb etDebt Debt Debt Sinking Funds Debt Gross siae siae siae oeatEstimated Forecast Estimated Estimated Estimated 0221 0221 2011 2011 2012 2012 2012 $– $– tosnso dollars) of (thousands – – – 124,303 $ 91,335 $ 9,900 $ 8,853,816 $ 4,295,662 $ 742,672 $ 3,815,482 $ 3,269,672 477,376 384,485 111,400 411,511 96,723 42,276 28,420 11,356 58,112 12,800 0,3 104,769 $ 104,735 $ 278$71,748 $ 42,748 $ 13,547 $ 13,547 $ ,6,1 8,687,808 $ 8,368,511 $ ,4,5 3,673,029 $ 3,540,456 $ 874,297 $ 687,573 $ ,4,8 4,140,482 $ 4,140,482 $ ,7,3 2,492,861 2,574,431 8,3 591,073 485,138 7,6 236,843 378,965 7,5 471,326 370,152 780442,191 36,885 30,305 97,830 36,171 29,837 13756,370 51,367 85046,800 68,500 13611,356 11,356 ,0 13,000 6,000 Budget Summary | Budget 2011-12 85 7,000 – 9,000 17,000 20,000 20,000 13,000 15,000 127,600180,859 105,000 132,222 200,000239,000 454,100 317,400 $ 608,600 $ 935,500 $ 789,459 $ 1,067,722 $–$– (thousands of dollars) – 7,400 6,800 6,500 20,000 92,900 10,000 2011-12 2010-11 2010-11 733,300 Estimated Forecast Estimated $ 886,800 $ 886,800 $ 9,900 Schedule of Borrowing Requirements GENERALREVENUEFUND Borrowing for Crown Corporations...... Borrowing for Government...... Borrowing Requirements SaskEnergy Incorporated...... Borrowing for Crown Corporations Information Services Corporation ofMunicipal Saskatchewan...... Financing Corporation of Saskatchewan...... Saskatchewan Gaming Corporation ...... Saskatchewan Telecommunications Holding Corporation ...... Saskatchewan Water Corporation ...... Saskatchewan Opportunities Corporation ...... Saskatchewan Power Corporation...... 86 Budget 2011-12 | Budget Summary h oe oprto Act Corporation Power The urnedDebt Guaranteed Debt ...... Guaranteed Act Other Fund Aid Student and Assistance Student The Act Stability Financial Farm The Debt Guaranteed Other Corporations Crown for Debt Guaranteed h rw oprtosAt 1993 Act, Corporations Crown The Corporations Crown for Debt Guaranteed D N U 31 F March Debt at E As U Guaranteed N of E V E Schedule R L A R E N E G niiulFeltLa urnes...... Guarantees Loan Feedlot Individual ...... Guarantees Loan Construction Feedlot Guarantees...... Loan Associations Feeder akthwnPwrSvnsBonds Savings Power Saskatchewan ree soitosLa urnes...... Guarantees Loan Associations Breeder eea mirn netrLas...... Loans Investor Immigrant Federal eisIt eisVI(aue)...... (matured) VII Series to I Series 15,000 $ 56,300 $ 91,335 35,017 $ $ 56,318 $ siae oeatEstimated Forecast Estimated 15,000 1,000 4,000 2012 18 17 tosnso dollars) of (thousands 300$10,095 $ 13,000 $ 370$45,700 $ 13,700 $ 278$71,748 26,030 $ $ 42,748 29,030 $ $ 45,718 $ 13,718 $ 20011,778 12,000 1,000 3,000 2011 18 30 4,107 2011 23 18 27 SASKATCHEWAN PROVINCIAL BUDGET 11-12 SUMMARYFINANCIAL BUDGETDETAILS 88 Budget 2011-12 | Budget Summary akthwnWtrCroain...... Corporation Water Saskatchewan akthwnTasotto opn ...... Company Transportation Saskatchewan akthwnTlcmuiain odn oprto ...... Corporation Holding Telecommunications Saskatchewan akthwnPwrCorporation...... Power Saskatchewan akthwnOpruiisCroain...... Corporation Opportunities Saskatchewan akthwnGvrmn nuac ...... Insurance Government Saskatchewan akthwnGmn oprto ...... Corporation Gaming Saskatchewan aknryIncorporated...... SaskEnergy nomto evcsCroain...... Corporation Services Information orso Education...... of Boards rauyBadOrganizations Board Treasury eandSrlso I or Organizations Board CIC of Surplus Retained surplus...... GRF in included Dividends Adjustments Accounting Interagency (308.9) $ (non-consolidated) Corporation Investments Crown Organizations Board CIC Organizations Board Treasury of (Deficit) Surplus surplus...... GRF in included Dividends ...... basis accrual an on costs pension for account Adjustment to Fund...... Security Financial and Growth (GRF)...... Fund Revenue General Hat akthwn...... Saskatchewan eHealth I se aaeetIc ...... Inc. Management Asset CIC einlColleges...... Regional Account...... Trust Municipal Northern ...... Authority Gaming and Liquor ...... Commission Aid Legal ...... Saskatchewan Enterprise einlHat Authorities...... Health Regional akthwnFnnilSrie omsinFn ...... Fund Commission Services Financial Saskatchewan ...... Agency Cancer Saskatchewan Saskatchewan Certification Trade ...... Apprenticeship Commission.. Fund & Stabilization Agricultural Saskatchewan akthwnRsac oni ...... Council Technology... Research and Saskatchewan Science Applied of Institute Saskatchewan Corporation...... Housing Saskatchewan te Organizations...... Other ...... Authority Watershed Saskatchewan Fund...... Aid Student Saskatchewan neaec conigAdjustments Accounting Interagency TCHEW N WA E H C AT K S A S Surplus of F O Statement Summary T N E M N R E V O G 3 1 2 2 ...... 4 ...... 227.9 $ 347.9 $ 121.1 $ 382.5 $ (88.0) $ siae oeatEstimated Forecast Estimated 011 001 2010-11 2010-11 2011-12 (120.0) (430.0) (267.5) (209.9) (206.8) 161.0 422.0 118.6 113.8 (18.0) (14.9) (94.5) (11.1) 43.1 25.5 96.3 12.2 11.7 (0.5) (7.1) (8.2) (0.3) (3.9) (5.4) (0.5) 0.2 4.6 2.8 8.3 0.8 1.5 0.7 – – mlin fdollars) of (millions 211 (26.1) $ (201.1) $ 7. 249.9 $ 278.4 $ 08$(677.5) $ (224.9) 90.8 $ $ 535.2 $ 20.0 $ 20.0 $ 26$(70.3) $ 32.6 $ 495 (276.0) (479.5) 169 (73.6) (186.9) 444 (452.6) (444.4) 299 (289.2) (289.9) 155.2 5. 134.2 159.5 125.0 4. 445.6 440.2 257.0 8.)(145.7) (84.2) (11.0) 48.4 21.5 37.0 15.6 00(194.2) 20.0 18.4 27.2 23.3 12 (16.1) (1.2) (0.6) (4.4) (6.0) 51 (10.2) (5.1) (6.7) (1.7) (8.6) (0.6) 0.2 0.1 6.2 9.4 0.2 3.5 115.2 (76.0) 42.7 25.2 58.1 10.9 31.9 18.1 10.7 (0.7) (0.1) (7.9) (8.4) (1.3) (5.9) (2.0) (7.7) (1.0) 0.2 2.8 5.2 6.3 7.9 0.3 Budget Summary | Budget 2011-12 89 1 – 8.6 20.7 51.3 $ 2,835.8 2 1 20.0 12.1 132.4 (129.8) (139.6) (622.7) $ 68.4 $$$ (29.3) 0.3 $ (139.6) $ 80.9 (622.7) $ (110.3) $ (703.6) $ 2,828.6 $ 2,213.1 $ 2,835.8 (millions of dollars) (millions of dollars) – 26.0 83.3 28.2 54.3 Summary Statement of Surplus 2011-12 2010-11 2010-11 2011-12 2010-11 2010-11 Estimated Forecast Estimated Estimated Forecast Estimated $ (2.2) $ 54.3 $ (81.0) $ 2,882.9 $ 2,828.6 Summary Statement of Accumulated Surplus 5 GOVERNMENTOFSASKATCHEWAN GOVERNMENTOFSASKATCHEWAN Not-for-Profit Insurance Organizations Budgets of these organizationsInteragency are Accounting subject Adjustments are to to Treasury ensure BoardBudgets financial review of transactions and these between include organizations agenciesCIC’s transfers are are amounts effectively from subject eliminated. exclude the to the GRF. CICThese dividend Board insurance revenue review organizations from and establish its include rates subsidiaries. grants and from fees CIC. that will allow them to be actuarily sound over the long term. Accumulated Surplus as atThis March is 31, primarily 2010 unrealized per market 2009-10 gains Public Accounts. (losses) on investments of the Workers’ Compensation Board and the Saskatchewan Auto Fund. Year end of organizations may be different from the Government’s March 31 fiscal year end. Crop Reinsurance Fund of Saskatchewan ...... Saskatchewan Crop Insurance Corporation ...... Surplus (Deficit) 1 2 3 4 5 Saskatchewan Auto Fund ...... Workers’ Compensation Board (Saskatchewan) ...... Surplus of Not-for-Profit Insurance Organizations $ 135.3 Not-for-Profit Insurance Organizations Surplus (Deficit) Prior to Accumulated Surplus, Beginning of Year...... Surplus (Deficit)...... Other Comprehensive Income ...... Accumulated Surplus, End of Year 1 2 90 Budget 2011-12 | Budget Summary custo fGOCptlAssets Capital GSO of Acquisition upu (Deficit) Surplus e et einn fYa ...... Year of Beginning Debt, Net Debt Net in (Increase) Decrease 1 Year the of End Liabilities, .... Pension basis accrual an on costs pension for account to Adjustment 4 3 2 1 Year of End Debt, Net ...... Income Comprehensive Other Expense Amortization eso iblte,Bgnigo h Year...... the of Beginning Liabilities, Pension TCHEW N WA E H C Debt AT K Net S in A S Change of F O Statement Summary T N E M N R E V O G TCHEW N WA E H C AT K S Liabilities A S Pension of F O Schedule Summary T N E M N R E V O G eso iblt sa ac 1 00a eotdi h 091 ulcAccounts. Public 2009-10 the in reported as 2010 31, March at as Liability Pension Fund. Auto Saskatchewan the and Board Compensation Workers’ the of investments on (losses) Accounts. SaskTel. Public gains and 2009-10 market SaskPower per unrealized as 2010 primarily authorities. such 31, is health (GBEs) March This regional enterprises assets. at and business capital as GRF government of Debt the by disposal Net as acquired includes such assets also (GSOs) capital expense organizations include Amortization service not government do by amounts acquisitions The capital reflect amounts These ...... 2 ...... 1 ...... 54.3 $ 6,161.7 $ (510.8) $ 6,368.5 $ (4,441.3) $ siae oeatEstimated Forecast Estimated siae oeatEstimated Forecast Estimated 011 001 2010-11 2010-11 2011-12 (3,930.5) (1,041.8) 011 001 2010-11 2010-11 2011-12 206.8 476.7 – mlin fdollars) of (millions mlin fdollars) of (millions 196 (622.7) $ (139.6) $ 5,871.8 $ 533 (838.5) $ (503.3) $ ,6. 6,161.0 $ 6,161.7 $ (4,398.1) $ (3,930.5) $ (3,559.6) 864 (668.7) (816.4) 5. 452.9 452.7 132.4 8. 289.2 289.9 1 4 3 5,871.8 $ (3,559.6) – 1 3 Budget Summary | Budget 2011-12 91 64.4 Value 3,485.5 8,680.5 7,140.4 Net Book Estimated $ 3,307.2 $15,537.6 $ 8,397.2 $15,537.6 March 31/12 (13.1) (476.7) (289.1) (603.1) $ (1,087.7) $ (611.0) $ (1,087.7) $ (182.4) Amortization 13.7 592.2 1,041.8 1,485.1 $ 2,506.7 $ 1,464.9 $ 2,506.7 $ 415.7 Additions – 2011-12 Estimated – 4 – – (2.5) 691.1 $ 688.6 $ 688.6 $ 688.6 $– IFRS Adjust 66.3 Value 6,575.3 3,182.4 7,107.4 Net Book $13,430.0 $ 6,854.7 $13,430.0 $ 3,073.9 Forecasted March 31/11 3 (millions of dollars) – – – 127.7 Asset Transfer $– $– $ (127.7) Summary Schedule of Tangible Capital Assets (13.4) (452.7) (279.8) (531.5) $ (995.8) $ (543.1) $ (955.8) $ (171.1) Amortization 16.1 397.8 816.4 1,017.6 $ 1,828.8 $ 397.3 $ 1,828.8 $ 1,012.4 Additions – 2010-11 Forecast – 63.6 Value Actual 6,211.6 3,064.4 6,493.6 Net Book $12,597.0 $ 2,975.4 $12,597.0 $ 6,385.4 March 31/10 GOVERNMENTOFSASKATCHEWAN 2 1 Government Business Enterprises (GBEs)and such are as self SaskPower sustaining. andGovernment Liquor Service and Organizations Gaming Authority (GSOs)The sell are net goods all book and other value services governmenteffective of outside organizations March capital of that 31, assets government are 2011 referred not from(investment) to GBEs. the in as GRF CIC. research to CIC parks CrownThe in managed Investments Public turn by Corporation Sector transferred Saskatchewan Accounting (CIC) those Opportunities Board inPrimarily, same Corporation IFRS (PSAB) exchange assets (SOCO) adjustments has for to are relate indicated an SOCO. transferred to that equivalentconsidered the GBEs increase commitments immediate should in now recognition report the being of using GRF’s recognized customer equity International as contributions advance Financial finance into Reporting leases, capital, Standards and power (IFRS). the purchase one agreements time previously option to fair value land and buildings. Organizations (GSOs) Insurance Organizations Enterprises (GBEs) Organizations 1 2 3 4 Government Service Total Government The above amounts reflectby capital non-government asset organizations acquisitions such of as Government universities organizationsAmortization and and includes municipalities. do disposal not of include tangible government capital transfers assets to and acquire minor capital adjustments. assets CIC Board Organizations Not-for-Profit Total Government Government Business General Revenue Fund Treasuruy Board 92 Budget 2011-12 | Budget Summary ssona neteti GBEs. in Investment as shown is hrfr eto Bs(xetgnrllnigb h R oGE)i etdaantohrlaiiisadast n h eutn equity resultant the and assets and liabilities other against netted is GBEs) to GRF the by lending general (except GBEs of debt Therefore h rvnesSmayFnnilSaeet con o oenetBsns nepie uha akoe na qiybasis. equity an on SaskPower as such Enterprises Business Government for account Statements Financial Summary Province’s The rauyBadOrganizations Board Treasury akthwnTlcmuiain ....5290.3 58.1 522.9 ...... 3,366.4 Corporation Water Saskatchewan ...... Telecommunications Saskatchewan Corporation...... Power Saskatchewan 1 Debt Guaranteed Debt Public 4.8 Corporation Insurance Saskatchewan Crop Organizations 861.9 Insurance Not-for-Profit Organizations Board CIC of Debt Public ...... Incorporated SaskEnergy Saskatchewan Opportunities Corporation Saskatchewan Immigrant Investor Inc.... Fund 7.8 of 28.4 Debt Public ...... Other ...... Authority 135.6 Watershed Saskatchewan Corporation...... Housing Saskatchewan Authorities...... Health Regional .. Sask. of Corporation Financing Fund...... Municipal Security Financial and Growth Education...... of Boards Debt Public Government – GRF ulcDb of Debt Public nomto evcsCroaino ak .$9.9 $ .. Sask. Information Corporation Services of Organizations Board CIC ulcDb fNot-for-Profit of Debt Public akthwnGmn oprto ....1. 7.1 12.8 ...... Corporation Gaming Saskatchewan TCHEW N WA E H C AT K 31 S A March S at Debt As of F O Schedule Summary T N E M N R E V O G etrpybei oeg urnyi ettdi qiaetCnda dollars. Canadian equivalent in restated is currency foreign in repayable Debt etotie yteGnrlRvneFn o t w s ro eafo rw oprtos h muti e fsnigfunds. sinking of net is amount The corporations. Crown of behalf on or use own its for Fund Revenue General the by obtained Debt te rauyBadOrganizations Board Treasury Other nuac Organizations Insurance Organizations Board Treasury ..... 3,815.5 $ ...... 42.3 ...... R Debt GRF siae siae siae oeatEstimated Forecast Estimated Estimated Estimated $–$ 6. 141.6 $ 164.0 $ ,7. 141.6 $ 3,979.5 $ $–$ 13$(51.6) $ 91.3 212.5 $ $ 8,853.8 $ 64.8 $ 4,874.3 $ 0221 0221 2011 2011 2012 2012 2012 2.0 92.0 – – 6.3 – (46.7) 80.2 – – 52.6 – 1 te etTtlTtlTotal Total Total Other Debt $– $– 6.1 6.1 – – – – mlin fdollars) of (millions 6.1 $ 3,815.5 $ 305.6 $ 4,121.1 $ 6.1 $ 39.7 $ 9,066.3 $ 4,939.1 $ 9.9 $ 3,366.4 523.2 866.7 135.6 (46.7) 58.1 42.3 36.2 80.2 92.0 19.9 52.6 2.0 6.3 $–$– ,4. 4,140.5 $ 4,140.5 $ 7. 326.6 $ 271.4 $ ,1. 4,467.1 $ 4,411.9 $ $–$– 09$35.5 $ 30.9 9,004.9$ $ 8,526.4 $ 4,537.8 $ 4,114.5 $ 35$13.5 $ 13.5 $ ,7. 3,009.8 2,672.3 4. 524.4 444.8 6. 832.7 868.9 1. 116.1 116.1 (45.2) 1456.4 36.9 51.4 36.2 8739.3 89.0 38.7 80.6 79.0 78.1 4621.6 14.6 2842.5 12.8 2.7 . 1.6 2.0 – – Budget Summary | Budget 2011-12 93 Notes to the Summary Financial Budget Another major difference is that most government organizations do not raise and receive taxes.especially Many, government business enterprises, tend to spend monies to generate goods andto services their they ratepayers, sell clients and customers. METHOD OF CONSOLIDATION The Summary Statement of Surplus simplyplanned adds surplus the or deficit of everyorganization government together. Then adjustments are made to eliminate inter organization transactions and to account for significant transactions in the period between the organization’s fiscal year and Government’s March 31 year end. These adjustments are not made to the individualsurplus organization’s planned but instead grouped in anaccounting “interagency adjustment” amounts. An adjustment is also made to ensure all pensionon expenses are an recorded accrual basis of accountingthe as Public recommended by Sector Accounting Board of theInstitute of Canadian Chartered Accountants. This method of consolidating Government organization’s plans is different than what isthe done Province’s for Summary Financial Statements. These statements combine revenues and expenses of the General Revenue Fund and Government Service Organizations on a consistent accounting basis and then eliminate interagency transactions. Each method arrives at the same bottom line. GOVERNMENTOFSASKATCHEWAN ends. Treasury Board and Cabinet’s involvement with the plans of these government organizations isless often direct. such as RHAs are influenced bysupport. the Other extent organizations of such GRF as SaskPower and the Workers’ Compensation Board are not. Other organizations such as SIAST and school boardsmade have budget decisions much earlier due to their year REPORTINGENTITY SUMMARYBUDGET/ CONSOLIDATION OF PLANS The Summary Budget is not asense Budget as in the the General same Revenue Fund (GRF) Budget. In the GRF,Treasury Board and Cabinet areinvolved directly in making the revenue, expenditure decisions and trade-offs. GRF revenues (taxes) are usually not related to the publicservices programs and they provide. The Budget andthe Estimates of GRF are subject to detailedby review and the approval Legislative Assembly. The Summary Budget is more ofall a the consolidation of Government organizations’ plans or budgets approved by their Boards. Some of these organizations The Summary Financial Budget reports the planned financial activities of the General Revenue Fundorganizations and and funds controlled by Government. This control is not black andan white evaluation and of depends various on factors. Clearly Government controls Crown corporations whereas organizations like a Workers’ Compensation Board, school boards or universities are not as clear. Eachjurisdiction Canadian can differ on whether itthese consolidates organizations depending on the Government’s degree of control. 94 Budget 2011-12 | Budget Summary ae obekee vrtelne em h General The term. longer the over even their break adjust to typically rates will They term. long the over sound actuarially be to intended are organizations These organizations. Not- Insurance for-Profit the is categorization other The plans. business or budget organization’s the examine would Board, (CIC) Corporation Investment Crown and Board Treasury Committee, Cabinet which by organizations categorizes budget financial summary The Organizations Government of Categorization Organizations Government of Description SASKATCHEWAN OF GOVERNMENT taxes. or fees to akin more revenues have but sufficient self are Corporation Services Information like GSOs Other self sufficient. not are but services sell Company Transportation Saskatchewan as such GSOs Other authorities. health regional as such operations to their sustain grants government need usually but service public provide GSOs Typically GSOs. considered are not GBEs are that Funds and organizations government All (GSO) ORGANIZATIONS SERVICE GOVERNMENT Board. Compensation Workers’ the and SaskEnergy SaskTel, SaskPower, SGI, Corporation, Gaming Saskatchewan Fund, Auto the Corporation, Financing Municipal Authority, Gaming and Liquor comprise: organizations These activity. principal their as government the organizationsoutside and individuals to services sell and to authority goods operating and financial the have that organizations government self-sufficient are These (GBE) ENTERPRISES BUSINESS GOVERNMENT eeu udde o aeadvdn rmthese from dividend organizations. a take not does Fund Revenue rprytxsi hi jurisdiction. their in local taxes property as well as government provincial the from funding capital and operating receive local Boards electors. their to accountable are bodies, elected as and, policies and regulations statutes, comply provincial to with required are Boards youth. and children for programs and instruction, and curriculum including program educational the delivering for responsible are Boards Framework. their Improvement under Continuous system school the of accountability and performance the strengthen to Education the of with Ministry work Boards The Act. Education The of authority the under operate fransaskois d'écoles Conseils the and Education of Boards Twenty-nine Education of Boards portfolio. loan agricultural corporation’s wind the the manages of ACS down 1984. 1, January on force into Act Corporation Credit Agricultural of provisions The the to pursuant established was ACS (ACS) Saskatchewan of Corporation Credit Agricultural ORGANIZATIONS BOARD TREASURY rvnilcmoet n infrastructure. and components associatedprovincial the and EHR Saskatchewan the access to necessary standards technology and information health provincial the establishes also Saskatchewan eHealth information. health electronic use of and access patient and provider health improved facilitate to infrastructure and components provincial associated the including systems information health other appropriate, where and, (EHR) Record Health Electronic Saskatchewan the and manage operate own, implement, procure, to is mandate 1993. Act, Corporations of provisions the to pursuant Council in Order by established was Saskatchewan eHealth Saskatchewan eHealth Hat Saskatchewan’s eHealth h Crown The hc came which Budget Summary | Budget 2011-12 95 The Farm Financial The following programs exist within the centres; responders, ambulance; programs, respite, palliative care and programs for patients with multiple disabilities; health nursing, public health inspection, dental health, vaccinations, and speech pathology; regional colleges deliver credit programs in response to the needs of rural andRegional northern colleges Saskatchewan. also offer literacy and basic education, industry credit and non-credit programs based on local needs and providecounselling a and broad assessment array services of geared to assisting individuals with career planning. Saskatchewan Agricultural Stabilization Fund The Fund was established under Stability Act. Fund: Wildlife Damage Compensation Program, and Farm and Ranch Water Infrastructure Program. Regional Health Authorities (RHAs) The Regional Health Services Act wasAugust proclaimed on 1, 2002. Health services indelivered Saskatchewan by are 12 regional health authorities. Major services of responsibility include: • Hospitals; • Health centres, wellness centres, and social • Emergency response services, including first • Supportive Care, such as long-term care, day • Home care; • Community health services, such as public • Mental health services; and, • Rehabilitation services. The provide educational (Act). NMTA administers The Enterprise ES brings together representation The Regional Colleges Act, services and programs in over 40throughout locations the Province. Through partnerships with universities and technical institutes such as SIAST, Regional Colleges Seven regional colleges, operating under the authority of northern school divisions. Northern Municipal Trust Account (NMTA) NMTA, formerly the Northern Revenue Sharing Trust Account, was established by Section 287 of Northern Municipalities Act Enterprise Saskatchewan (ES) was established in 2008 as the central economic development agencyGovernment, pursuant of to Saskatchewan Act. from all sectors of the economyand to recommend formulate action strategy to move theon province forward a sustainable growth agenda inthe accordance with principles set out in theGovernment Act. advice ES to provides remove the barriers to growth; implements activities and programs that would promote and develop the Saskatchewan economy; and establishes and reports on clear andtargets for measurable performance of the Saskatchewan economy. Enterprise Saskatchewan (ES) all revenues relating to the Northern Saskatchewan Administration District (NSAD) and all moneys appropriated by the legislature for the purposesnorthern of revenue sharing and other grant programs. The NMTA also acts as a municipalfor operating the fund unincorporated area in thenorthern district, settlements the and recreational subdivisions. NMTA also collects taxes for northern hamlets and 96 Budget 2011-12 | Budget Summary aktlc n rtcsSsacea consumers. Saskatchewan protects and marketplace Saskatchewan the in confidence fosters SFSC Commission Services Financial Saskatchewan studies. and research cancer and and screening; prevention cancer; of prevention the and cancer respecting residents Saskatchewan and providers care health of education services; rehabilitation or treatment individuals; of monitoring and treatment testing, diagnosis, detection, the for provides SCA organizations. care health and authorities health regional with collaboration in Saskatchewan throughout services care cancer of evaluation and delivery and organization, responsible planning, is the SCA for 2007. 2, January on Cancer Act The Agency by superseded was which Act CancerFoundation The to pursuant established was SCA (SCA) Agency Cancer Saskatchewan year. each training attend technical classroom-based also apprentices In those sub-trades. of 23 5,000 and of trades excess 47 in job the on learning and working apprentices registered 9,000 over are There Saskatchewan. in system certification trade apprenticeshipand the manage and govern to a mandate with agency government industry-led an is SATCC 1999. Act, Certification Trade and Apprenticeship The of authority the under operates SATCC (SATCC) Commission Certification Trade and Apprenticeship Saskatchewan FCrgltsSsacea’ iaca services financial Saskatchewan’s regulates SFSC fcnue rtcinicuigmtesrltdto related matters including protection consumer areas of other to expanded have SFSC of responsibilities regulatory The brokers. mortgage and loans payday loans, and trust securities, pensions, insurance, system, union credit the including industry vrestelcnigo eitainpoiin fa of provisions registration or licensing the SFSCoversees services. and goods household or personal iaca sitnefo SHC. from assistance receive financial and properties manage and own third-party who groups by or properties; owned SHC manage who authorities housing local by SHC; through either directly delivered are that services and programs its through clients for self-sufficiency and independence creates and people, low-income for to housing access promotes SHC others. and seniors families, for services and programs housing implementing and designing developing, for accountable is Corporation Act. Corporation Housing Saskatchewan of authority the under operates SHC (SHC) Corporation Housing Saskatchewan n ieSkills. Life and Completion; School High Preparation; and Testing (GED) Development Educational General SecondLanguage; a as English Literacy; Basic Education; Basic Adult in programs development skill basic offers SIAST addition, Technology. In and Health; and Science Nursing; Training; Industrial Services; Community Studies; Entrepreneurial and Business divisions: six through programs apprenticeship and diploma certificate, 190 offers SIAST students. equivalent load full 15,000 almost SIAST’s is employers. enrollment and students of help needs to the Campus Virtual meet a and Albert Prince and Jaw Moose Saskatoon, Regina, in campuses urban four its through training skills and education technical Act. Technology and Science Applied of Institute Saskatchewan of authority the under operates SIAST (SIAST) Technology and Science Applied of Institute Saskatchewan ue.TeSS sfne hog escagdto charged entities. fees regulated through funded is the SFSC break The who rules. those account to holds and rules, the with compliance monitors statutes, of number IS rvdspost-secondary provides SIAST The The The Budget Summary | Budget 2011-12 97 The Crown is the current governing Effective September 10, 2009, Investment Saskatchewan was de-designated as a Crown corporation and continues to operate asManagement CIC Inc Asset with CIC as solecorporation’s shareholder. mandate The is to prudently manage and divest the portfolio of investments, previously managed by Investment Saskatchewan, on behalf of the Province. CIC is the financially self-sufficient holding company for 11 subsidiary commercial Crown corporations. The Government Finance Office (GFO) was established in 1947 to act asmany a of holding Saskatchewan’s company Crown for corporations and to be a mechanism for developing broaddirecting policy investment, control, and routing dividends into the government’s consolidated fund. In 1978, the GFO was renamed Crown Investments Corporation of Saskatchewan, with a focus on thestrategic delivery shareholder of direction and contributing to the province’s economic success. Corporations Act, 1993, CIC Asset Management Inc. Saskatchewan Watershed Authority The Saskatchewan Watershed Authority is the province’s lead water management agency. The Watershed Authority is mandated to manage the water supply for social, economic andneeds; environmental protect the quality of surface andwater; ground reduce damage from flooding; develop, own and manage the province’s water management infrastructure; and collect and analyze data and provide information to support water management and use. CIC BOARD ORGANIZATIONS Crown Investments Corporation of Saskatchewan (CIC) legislation. The Alcohol and Gaming SLGA is responsible for the The Student Assistance and Student Aid The primary purpose of the Fund is the authority of Fund Act, 1985. to support the Saskatchewan Student Assistance Program. Saskatchewan Student Aid Fund The Saskatchewan Student Aid Fund operates under Saskatchewan Research Council (SRC) SRC was established in 1947 atwere a very time aware when of people the roletechnology that played science in and winning the SecondThe World War. concept was that science andbe technology could an instrument to build aSaskatchewan better people. life The for Council undertakes matters pertaining to research, development, design, consultation, innovation, and commercialization of science for the improvement of thecreates Province. SRC wealth through the responsible application of science and technology to assist Saskatchewan industry to be globally competitive. distribution, regulation, management and operation of liquor and gaming across thewarehouses province. and SLGA distributes wine, spirits and domestic and imported beer to SLGA storessale and to franchises for the public and permittees.beer Most is mainstream distributed by Brewer's Distribution Ltd.retail to liquor stores, some franchises and commercial permittees. SLGA owns and operates allterminals video and lottery owns and manages theall slot Saskatchewan machines Indian at Gaming Authority casinos. SLGA also licenses and regulates most formsgaming of including bingo, raffles, casinos, breakopen tickets, and horse racing. Regulation Act, 1997. SLGA is governed by Saskatchewan Liquor and Gaming Authority (SLGA) 98 Budget 2011-12 | Budget Summary (SGI) uooieetninadcmeca coverage. commercial and extension automobile farm, tenant, home, of line comprehensive a offers It provinces. Canadian seven in business insurance casualty and property competitive a conducts it CIC, a of is subsidiary which wholly-owned CANADA, SGI name trade the Under people. Saskatchewan to insurance affordable, quality provide good to 1945 in established was SGI Insurance Government Saskatchewan wholly- CIC. a of as subsidiary Board owned CIC the of management corporation the the under place effectively to 2007 in amended was Act corporation’s The on 2002. opened 6, Jaw September Moose Casino and 1996 public 26, January the to opened Regina Casino Fund. Initiatives Community the and Trust Nations the First government, between profits net of sharing that for agreement provides framework a under Jaw Moose Casino 1994 Act, Corporation under established was SGC (SGC) Corporation Gaming Saskatchewan services. Geomatics and Registry, Corporate Registry, Statistics Vital Registry, Plan Survey the Registry, Property Personal the Registry, Saskatchewan Land the as such services customer-focused provides and CIC wholly- of a subsidiary as owned 2000 1, January ISC on established ISC. was to Justice of Ministry the from transferred was Branch Corporations the of administration and management the 2010, October Effective property. personal in interests and mapping surveys, statistics, vital systems, information geographic land titles, of administration the for responsible is ISC (ISC) Saskatchewan of Corporation Services Information ooeaeCsn eiaand Regina Casino operate to h akthwnGaming Saskatchewan The (SaskPower) Corporation Power Saskatchewan Place. Innovation name of brand the under operates downtown SOCO in Albert. building Prince sector forest a and Regina, Saskatoon and in universities two province’s the at parks research of operation and development the through sector technology Saskatchewan’s of success growth and the supports SOCO 1994. in which established CIC was of subsidiary wholly-owned a is SOCO (SOCO) Corporation Opportunities Saskatchewan ieesdt evcsoe t iia networks. digital its over services and data cellular wireless and services, messaging and text hosting, web security, services, multimedia internet, and speed entertainment high and up dial of Saskatchewan data, in voice, provider service full leading the is corporation The 1908. in Telegraphs and Railway,Telephones of Department the as established which was CIC of subsidiary wholly-owned a is SaskTel Company Holding Telecommunications Saskatchewan (SaskTel) Telecommunications Saskatchewan customers. reseller and power oilfield, commercial, farm, residential, 470,000 than more to Saskatchewan in electricity of supplier principal the is and purpose this maintains Today, SaskPower people. Saskatchewan to safe, power provide cost-effective to reliable, was purpose Its 1929. in Commission Power Saskatchewan the as established that was CIC of subsidiary wholly-owned a is SaskPower Budget Summary | Budget 2011-12 99 The Crop The Farm Financial Stability Act. and Crop Reinsurance Fund of Saskatchewan The Fund provides reinsurance coverage for the Saskatchewan Crop Insurance Corporation against losses in excess of the netaccumulated premiums, reserves. indemnities Reinsurance and for the Saskatchewan crop insurance program is provided by the federal and provincial governments under the terms of the Canada-Saskatchewan Production Insurance Agreement. Payments are made from each government’s reinsurance fund based on a formulaout set in the agreement and eachaccumulated is deficits responsible of for their the fund. NOT-FOR-PROFIT INSURANCEORGANIZATIONS Saskatchewan Auto Fund The Fund is the Province’s compulsory auto insurance program and the provider of itslicensing and driver’s vehicle registration system. The Fund does not receive money from orProvince. provide The money Fund to is the administered by SGI. Saskatchewan Crop Insurance Corporation (SCIC) SCIC operates under the authority of Insurance Act SCIC administers insurance programs which protect producers from production failures due to natural hazards. SCIC also delivers wildlife damage prevention and compensation programs, as well as the AgriStability Program. service to more than 347,000 residential, farm, commercial and industrial customers in the province. provides safe, reliable and economical natural gas SaskEnergy Incorporated (SaskEnergy) Saskatchewan’s provincially owned natural gas system began operations in 1952 as partSaskEnergy, of which SaskPower. is a wholly-owned subsidiary of CIC, was formed in 1988 ascontinue a providing separate natural corporation gas to transmission and distribution services across the province. The system has grown substantially over the years, withnow service extended to more than 90Saskatchewan per communities. cent Today of SaskEnergy SaskWater is a wholly-owned subsidiary of CIC which was established in 1984. Headquartered in Moose Jaw, SaskWater designs, builds, owns and operates water supply and wastewater systems providing quality water to Saskatchewan industries, municipalities, First Nations and rural water user groups. Saskatchewan Water Corporation (SaskWater) STC is a wholly-owned subsidiary ofbeen CIC providing that passenger has transportation, parcel express and freight services throughout the province since 1946. The bus company wasensure established that to as many communities asaccess possible have to reasonably priced transportation. Today STC and its network of 198 agenciesserving operate 290 29 communities bus in routes the province. STC’s connections with partner carriers extend service to nearly 400 communities. Saskatchewan Transportation Company (STC) 100

Budget 2011-12 | Budget Summary evcswt h olo lmntn workplaceinjuries. eliminating of goal the with services and programs prevention injury deliver and develop to seeks WCB the as Further, possible. soon medically as work productive safe, to of them objective returning the with expenses and income for lost workers injured compensate to funds those uses and employers from premiums annual collects The WCB injuries. work of results the from employers and fault workers no protects a that is program It insurance 1930. in established was WCB The (WCB) Board Compensation Workers’