The provincial debt was lowered by almost 40%, bringing it to the lowest it has been in 20 years.
The highest surplus in the history of the province was also posted in 08-09 at $2.39 billion.
Finance Minister Rod Gantefoer says we have experienced a strong year, and Saskatchewan is expected to continue leading the nation in economic growth.
GRF revenues are just over 30% higher than estimated in the 2008-09 budget due to higher resource revenues, and higher sales tax revenue.