REGINA — Saskatchewan’s government is ending the last fiscal year deep in the red.

The province’s year-end public accounts show Saskatchewan is to post a $947-million deficit for the 2025-26 year.

It’s a major swing from the $12-million surplus the province had initially projected.

The province says more spending in health care and other areas pushed it into a deficit.

Finance Minister Jim Reiter says he plans to work on reducing expenses while providing affordability relief.

The province’s net debt has increased by $1.5 billion, but Reiter says Saskatchewan continues to have a strong credit rating.

This report by The Canadian Press was first published June 30, 2026.

Jeremy Simes, The Canadian Press