Ken Krawetz, Saskatchewan Finance Minister  skpic

Finance Minister Ken Krawetz released his final budget earlier this year. (Stefani Langenegger/CBC)

Saskatchewan Finance Minister Ken Krawetz says he will not be running for office again after nearly two decades in provincial politics.

An emotional Krawetz shared some memories with reporters at the Saskatchewan Legislature. 

"We formed the Saskatchewan Party, and again, my colleagues chose me as the leader at that time. So I've been fortunate. I've played a bit of a leadership role in my 19 years and hopefully I can do that for my remaining 2 years," he said.

Premier Brad Wall also expressed his feelings about Krawetz

"You know the saying that no one is irreplaceable? It's not true. Ken Krawetz is impossible to replace," he said.

Krawetz, 63, was first elected in 1995 as a Liberal member of the Legislative Assembly. After more than a decade in opposition, he became deputy premier in 2007 and finance minister in 2010.

The Premier is still considering if Krawetz will remain finance minister and deputy premier after the next cabinet shuffle.

The next provincial election is currently set for 2015.

with files from Tory Gillis