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Province on track in spite of flood damages

It's been a challenging year both in Yorkton across the province due to weather related issues but according to the numbers Saskatchewan is still faring well.

It's been a challenging year both in Yorkton across the province due to weather related issues but according to the numbers Saskatchewan is still faring well.

Finance Minister Ken Krawetz says the provincial budget surplus remains intact, even with a $150 million allowance for flood related costs.

The projected surplus is $75 million, up $3.5 million from budget, despite the flood allowance, largely due to a projected increase in total revenue of $169 million.

"The final cost of the flooding which devastated many Saskatchewan communities earlier this summer is still being determined," Krawetz said. "However, we are setting aside $150 million for flood-related expenses."

According to the numbers the total revenue for 2014-15 is now forecast at $14.242 billion including an increase of $110 million from non-renewable resources and an increase of $81 million from Government Business Enterprises, which are primarily Crown Corporations.

Total expense for 2014-15 is now forecast at $14.167 billion, up $165 million from budget, with the bulk of this increase being the $150 million flood allowance.

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