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Saskatchewan’s deficit has more than doubled since June. Job losses and increased taxes are on the table as a result.

The province, according to the mid-year financial update released Tuesday, is $1.041 billion in the red for the current fiscal year.

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That is significantly higher than the $434-million deficit projected in the 2016-17 budget.

Finance Minister Kevin Doherty gave a clearer picture of the province’s finances Tuesday, but for weeks he and Premier Brad Wall have signalled less revenue from taxes and non-renewable resources were contributing to tough financial times for the province.

The mid-year financial update shows revenue for 2016-17, which ends March 31, to be $13.7 billion, or $321.6 million lower than expected when the budget was released.

On the spending side, things aren’t any better: The province is spending $285.4 million more than expected at budget, bringing the expected total to $14.74 billion.