Mandryk: Added mid-year crop insurance costs won't change any time soon
Don't expect any Saskatchewan politician to change crop insurance — whether it's a significant factor increasing provincial deficits or not.
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The culprit behind another dramatic mid-year increase in Saskatchewan’s budget deficit may not be the culprit some city residents increasingly want to blame.
In fairness, it’s hard to get a handle on whether Saskatchewan Crop Insurance payouts are completely fair to all provincial taxpayers.
More evident, however, is that crop insurance will become increasingly more costly — the result of more valuable crops and likely more frequent payouts due to climate change.
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Just don’t expect any Saskatchewan politician to change anything about it — whether it’s a significant factor increasing provincial deficits or not.
The Sask. Party government announced its 2024-25 mid-year budget projection update late Thursday afternoon, revealing that the $273.2-million deficit predicted in March has vaulted to $743.5 million.
While overall provincial revenues have slightly increased to $20.137 billion in........
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