Saskatchewan Government Digging Deeper Into Debt

Forget what they are telling you, the Provincial Government is digging deeper into debt.  By their own numbers, it's $950 million deeper this year alone.  While General Government Debt does not change, crown corporation debt increases by $950 Million.  Here is where the increase in debt is:

Here is how total debt looks like:

Wondering how Total Debt dropped from the time period of 2007 to 2009?  Commodity bubble!  But, fortunately, we were one of the few that did prosper from that bubble.

I will update the above graph, but resource revenues for 2012-2013 are forecast to come in at $2.58 Billion.  This is almost $600 Million lower from their estimate last spring.

I'm a numbers guy, not a political guy.  I voted Sask Party, but not too crazy about them.  Whoever is in power, just tell the truth.  The Government comes up with a "balanced budget" showing a $8 Million dollar surplus.  And that is after stripping the Crown Corporations of over $120 Million in dividends and adding $950 Million dollars of debt onto the Crown Corporations.  No other province keeps two sets of books, why should the Sask Party?  Slowly paying down the mortgage (General Government Debt) but racking up the line of the credit (Crown Corp Debt) does not work in my books especially when total debt increases by 11% in just one year.