May 25, 2023 – Government of PEI: Premier Dennis King and Finance Minister Jill Burridge presented government’s 2023-24 operating budget to the Legislative Assembly, outlining a record $3 billion in investments for Prince Edward Island.
“The province is changing. It’s time to be creative and rethink how we do things. Our investments presented today reflect that. We know Islanders have had a tough go these past four years,” says Premier King. “Every decision about these investments was made to improve quality of life for Islanders now and for future generations. This budget outlines a new plan for a stronger today and a better tomorrow.”
The budget includes increased investments in healthcare and housing; while also providing funding to make life more affordable, protect our environment, and grow the workforce and economy. With revenues forecasted at $2.99 billion and planned spending of $3.09 billion, the province is expecting a deficit of approximately $97.6 million.
“What I want Islanders to know is that we heard you,” said Minister of Finance Jill Burridge. “Our plan was made from everything we heard you say at the doors, in consultations and in communities. We are working to ensure you get the support you need.”
Read the budget highlights here
Read the full Operating Budget for 2023-2024 here