REGINA — Saskatchewan’s government says it’s finishing the last fiscal year with a $249-million deficit.

The province says the deficit is slightly smaller than the $273-million deficit it projected in the 2024-25 budget.

Finance Minister Jim Reiter says both revenues and expenses increased last year.

The province received $990 million more in revenues, which includes a large settlement from tobacco companies.

Expenses were up by $970 million due to increases in health, agriculture and natural resources.

Saskatchewan’s net debt increased by $1.3 billion due to investments into roads, schools and hospitals.

This report by The Canadian Press was first published June 30, 2025.

Jeremy Simes, The Canadian Press