Saskatchewan posts $62M surplus for 2014-15
The province has an extra $60 million at the end of its last fiscal year, but there are no immediate plans to spend it.
Government says it has no immediate plans to spend the extra money
The province has ended its 2014-15 year with a $62 million surplus.
It's about $9 million less than expected, but the government is still pleased with the results.
"The fact we were able to conclude such a challenging year on budget and with a modest surplus demonstrates, once again, the resilience of the Saskatchewan economy," Finance Minister Kevin Doherty said in a news release.
Oil revenues were down nearly $300 million from what was budgeted in March 2014. However, the government was able to make up for some of that with potash. The government made close to $150 million more than expected.
As for the extra cash, the government has no immediate plans, but it could be used to fight wildfires, flooding or drought, an official said.