GRF revenues totalled $12.33 billion, nearly $3 billion or 31.6 per cent higher than the 2008-09 Budget estimate, primarily due to higher resource revenues, as well as higher sales tax revenue:
• Potash $1.36 billion (up $1.01 billion)
• Crown land sales $928.25 million (up $735.75 million)
• Oil $1.62 billion (up $561.47 million)
• Sales tax revenue $1.11 billion (up $190.63 million)GRF expenses totalled $10.36 billion, a 13.6 per cent increase over the 2008-09 Budget estimate, largely due to accelerated spending for infrastructure projects across Saskatchewan.
"Our good fortune last year allowed the government to address the priorities of Saskatchewan people through infrastructure spending, debt reduction and significant tax relief," Gantefoer said.
The government lowered income tax by over $300 million dollars last year and committed an unprecedented $1.5 billion to construction of infrastructure projects.
Seeing as how this information will go down the memory hole on the left-o-sphere, people can click the link and find the report. The revenues exceeded projections even though the prices of the exported goods was lower than expected.
Stuff like this is why the population will not get into a tizzy about much. The economy is good. We are weathering the global recession. It's a good time to be here.
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