Commentary

Province of Saskatchewan Election 2024: Saskatchewan Party Re-Elected With a Much Smaller Majority

Sub-Sovereign Governments

Summary

On October 28, 2024, the Saskatchewan Party, led by Scott Moe, secured a majority in the Province of Saskatchewan's (rated AA (low) with a Stable trend) general election, taking 35 of 61 possible seats based on results available at the time of publication. This victory secures the Saskatchewan Party's fifth consecutive term in office, albeit with a significantly reduced majority.

Key highlights:
-- The Saskatchewan Party, led by Scott Moe, secured a majority in Saskatchewan's 2024 general election.
-- Campaign commitments focused on key themes of affordability, economic growth, and communities.
-- Tax measures and new spending commitments will delay the return to balance by two years to F2028.
-- Saskatchewan's credit ratings remain stable, although downside risks and unforeseen events could limit flexibility within the credit ratings.