REGINA – Saskatchewan Premier Brad Wall says he thinks it’s a good idea for the province to try to save money for the future while also paying off the debt.
Wall made the comments after the release of a report calling for the creation of a permanent fund for future development using non-renewable resource revenues, such as those from oil and gas.
The report by former University of Saskatchewan president Peter MacKinnon makes 10 recommendations, including putting a high priority on creating the fund.
MacKinnon says the fund needs a clear purpose as a permanent investment fund and shouldn’t be used as a rainy-day account for governments to balance their budgets.
The premier says he likes a plan that includes having cash on hand for the short term, long-terms savings and debt reduction.
Wall has previously said the province should look at saving money from non-renewable resources, but not until after the debt is paid off.