2016 Year-end Report from the Provincial Legislature by Warren Kaeding MLA for Melville-Saltcoats

Dec 21, 2016
Visits to Local Facilities - In an effort to understand and see the local issues, Warren has been visiting many local schools, hospitals, pharmacies, long term care facilities, Towns, Villages and RM’s, meeting and talking with constituents and local elected officials.

 

Visits to Local Facilities

In an effort to understand and see the local issues, Warren has been visiting many local schools, hospitals, pharmacies, long term care facilities, Towns, Villages and RM’s, meeting and talking with constituents and local elected officials.

Falling Tax Revenue Requires Fiscal Restraint

Since our government was elected, Saskatchewan is now a have province with a growing population that’s no longer dependent on equalization. Over the past 9 years, Saskatchewan has grown and provided services to nearly 150,000 new residents. That’s equivalent to adding another Prince Albert, Moose Jaw, Yorkton, Swift Current, North Battleford, Lloydminster (SK side), Martensville, Humboldt, Melfort, and Meadow Lake. At a time when our economy is showing signs of strength, lower than expected potash, uranium and continued low oil prices have hit provincial revenues hard. The projected deficit for 2016-17 is $806 million. To manage this, we are making significant restraint measures, and working to get the budget back to balance. Since coming to office, our government has paid off 1/3 of the province’s operating debt. As a result, interest costs are down from over $1 billion annually in 1994-95 to $292 million today. And we have worked to build a strong financial footing for Saskatchewan, which includes:

  • AAA credit rating;
  • 2nd lowest debt to GDP ratio among the provinces;
  • $6 billion in tax relief for families;
  • $9 billion in infrastructure investment; and
  • 2nd best job creation record in Canada.

For comparison, Alberta’s population is now only roughly 4x that of Saskatchewan’s but they are running a deficit about 11x larger than Saskatchewan. We will manage through these challenging times. We will work hard to continue providing necessary programs and services, and protect Saskatchewan's fiscal position. thanks to a low debt burden and a diversified economy, we will come through this challenging time stronger than ever.

Manufacturing Sales Jump

Despite a downturn in global commodity prices, Saskatchewan’s economy continues to show signs of strength. Saskatchewan leads all provinces in manufacturing sales ($14.1 billion in 2015), growing at more than five times the national average. Manufacturing is one of the mainstays of the Saskatchewan economy and the impressive year-over-year growth is good news. Our provincial manufacturers are innovative, competitive-minded and are meeting the needs of global markets with made-in-Saskatchewan solutions. Sectors that saw significant growth on a year-over-year, seasonally-unadjusted basis included food manufacturing, machinery manufacturing and wood products.

Wait Times for Surgery in Saskatchewan Among Shortest in Canada

In Saskatchewan, we’re seeing how innovation – not ideology – brings better choices, better outcomes and lower costs. For example, publicly-funded private surgeries have helped to take pressure off of the public system and have played a key role in reducing surgical wait times.

Visit us online at www.warrenkaedingmla.ca or call 306-728-3881 for more information.

For further information, please contact:

Rick McIntyre CA for Warren Kaeding
Melville-Saltcoats Constituency
Quarterly Report from the LEG.
Ph: 306-728-3881
Email: rick.msca@sasktel.net