Resource revenue down; Saskatchewan looking at razor-thin surplus for 2012-13

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REGINA - The Saskatchewan government says it remains on track to become the only province to balance its budget this year.

But declining revenues from resources such as potash and increased spending leave the government with a razor-thin projected surplus of $8.8 million.

The third-quarter update for 2012-13 released by Finance Minister Ken Krawetz (krah-VETZ') shows the province plans to spend $190.4 million more than expected in last spring's budget.

Extra costs have come in the area of flood assistance, teacher pensions and benefits, crop insurance and snow and ice removal on highways.

Krawetz says the expenses have been offset somewhat by record investment and a growing tax base as more people come to Saskatchewan to work.

Total revenue is forecast to be almost $11.4 billion.

Geographic location: Saskatchewan, REGINA

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