P.E.I. Unveils 2025-26 Budget with Record Deficit

April 10, 2025, 3:21 pm

The Prince Edward Island government has unveiled its 2025-26 fiscal budget, projecting a record deficit of nearly $184 million on a total of about $3.5 billion. The announcement comes amid economic uncertainty and growing concerns about fiscal sustainability. Critics and analysts are scrutinizing the figures as a signal of the province’s challenging economic future, while government officials defend the figures as a necessary adjustment in light of demographic pressures and changing market conditions.

theglobeandmail.com / P.E.I. tables budget with record $184-million deficit in face of economic uncertainty

The budget includes $294.6 million in new spending, an increase of 9.1 per cent over last year

thestar.com / P.E.I. tables budget with record $184-million deficit in face of economic uncertainty

CHARLOTTETOWN - The Prince Edward Island government has tabled a $3.5-billion budget with a projected record deficit of nearly $184 million for the 2025-26 fiscal year.

winnipegfreepress.com / P.E.I. tables budget with record $184-million deficit in face of economic uncertainty

cbc.ca / P.E.I. projects record $183.9M deficit in budget designed with population growth, trade war in mind

Prince Edward Island is projecting the largest budget deficit in its history for the 2025-2026 fiscal year, according to the province’s latest budget, tabled in the legislature Thursday by Finance Minister Jill Burridge.

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P.E.I. Unveils 2025-26 Budget with Record Deficit

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