June 15, 2020 / 8:23 PM / 19 days ago

Canada's Saskatchewan forecasts budget deficit of C$2.4 billion in fiscal year 2020-21

June 15 (Reuters) - The western Canadian province of Saskatchewan is forecasting a C$2.4 billion ($1.77 billion) budget deficit in 2020-21 as it grapples with shocks from the coronavirus pandemic and low oil prices.

“This is a pandemic deficit, not a structural deficit,” Saskatchewan Finance Minister Donna Harpauer told reporters at a news conference. The province, she added, had been on track to present a balanced budget before the pandemic hit. (Reporting by Kelsey Johnson in Ottawa; Editing by Chris Reese)

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