REGINA, SK: The Canadian Taxpayers Federation is calling on the Saskatchewan government to cut spending and stop borrowing money after increasing the debt by $2.4 billion in Budget 2025.

“It’s irresponsible for the government to continue to borrow more money and pile debt onto taxpayers,” said Gage Haubrich, CTF Prairie Director. “Taxpayers can’t afford to keep having the government waste millions of dollars on debt interest payments every year.”

The government is increasing the debt by $2.4 billion compared to last year’s budget. By the end of the year, the debt will be $23.5 billion.

Interest payments on the debt will cost taxpayers $878.4 million this year, working out to $705 per Saskatchewanian. Debt interest payments will cost taxpayers more than $2.4 million per day.

The government is spending $909 million more this year, compared to last year’s budget. The government is also taking in $1.2 billion more in taxes. The budget increases spending in all departments but one.

Tariffs could decrease the government’s revenue by $1.4 billion, according to the budget.

“The government is increasing the debt by more than $6.5 million every single day,” said Haubrich. “If tariffs hit Saskatchewan hard, taxpayers will be stuck paying higher debt interest payments to cover even more government loans.”

The Saskatchewan Party says that one of its guiding principles is the “steady, gradual reduction in government spending and taxation while maintaining a firm commitment to balanced budgets.”