SASKATOON – If you happened to drive by Tiger Automotive on Circle Drive North in Saskatoon Monday morning, you may have seen some alarming numbers being displayed. A clock shows Saskatchewan’s debt increasing at a rate of $2.7 million per day.
The mobile national debt clock is being taken around the province by the Canadian Taxpayers Federation (CTF) to highlight the provincial debt, which is estimated to reach $5.7 billion by the end of the fiscal year.
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While Saskatchewan fares better than the debt level of other provinces, CTF officials said there are some areas of concern.
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According to CTF officials, the province plans to borrow $700 million dollars this year for infrastructure and is expected to have a projected operational deficit of $292 million.
“The reality is there’s no easy answers,” said Todd MacKay, who is the Prairie director of the CTF.
“They need to go through every program in every department, find lower priorities, trim those back and use that money to pay down debt. That’s what we do in our families and businesses and the government needs to do the same thing.”
The national debt clock will continue touring Saskatchewan and can also be viewed online.
Joelle Tomlinson contributed to this story
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