Saskatchewan unveiled its 2018-19 budget on April 10, 2018. The government remains focused on achieving its 3-year target of returning to balance by 2019-2020 through managing expenses while at the same time taking measures to encourage economic growth.
The consulting engineering industry is heartened to note infrastructure spending remains a priority with $2.7 billion budgeted, $1.5 billion of which is to come from the Crown sector and $1.2 billion to be invested by Ministries and Agencies. The budget acknowledges these infrastructure investments will support economic growth and Saskatchewan’s quality of life priorities. It also recognizes that long-term sustainability of provincial infrastructure requires investments be made toward the maintenance and renewal of these assets.
Here are some of the Ministry and Agency budgeted capital investment highlights:
Projected Crown capital investments this year include:
Funding of $206.5 million is included in the budget for municipal infrastructure in 2018-19, with plans to invest more than $500 million over the course of a four-year plan for existing programs.
Member firms of the Association of Consulting Engineering Companies – Saskatchewan (ACEC-SK) are infrastructure experts and are in a position to observe the state of provincial infrastructure every day. As a result, ACEC-SK applauds the continued enhancement of an Integrated Capital Plan to assist with informed decisions about future capital investment. With many sources suggesting Saskatchewan has a $55+ billion infrastructure deficit, it is important to maintain capital investment to ensure Saskatchewan’s economic growth, safety and quality of life is maintained.
For more information, please contact:
Beverly MacLeod, Executive Director
306-359-3338
April 11, 2018
Saskatchewan unveiled its 2018-19 budget on April 10, 2018. The government remains focused on achieving its 3-year target of returning to balance by 2019-2020 through managing expenses while at the same time taking measures to encourage economic growth.
The consulting engineering industry is heartened to note infrastructure spending remains a priority with $2.7 billion budgeted, $1.5 billion of which is to come from the Crown sector and $1.2 billion to be invested by Ministries and Agencies. The budget acknowledges these infrastructure investments will support economic growth and Saskatchewan’s quality of life priorities. It also recognizes that long-term sustainability of provincial infrastructure requires investments be made toward the maintenance and renewal of these assets.
Here are some of the Ministry and Agency budgeted capital investment highlights:
Projected Crown capital investments this year include:
Funding of $206.5 million is included in the budget for municipal infrastructure in 2018-19, with plans to invest more than $500 million over the course of a four-year plan for existing programs.
Member firms of the Association of Consulting Engineering Companies – Saskatchewan (ACEC-SK) are infrastructure experts and are in a position to observe the state of provincial infrastructure every day. As a result, ACEC-SK applauds the continued enhancement of an Integrated Capital Plan to assist with informed decisions about future capital investment. With many sources suggesting Saskatchewan has a $55+ billion infrastructure deficit, it is important to maintain capital investment to ensure Saskatchewan’s economic growth, safety and quality of life is maintained.
For more information, please contact:
Beverly MacLeod, Executive Director
306-359-3338
April 11, 2018