Provincial Budget: Operating Budget
The operating budget is the estimates of revenue and expenditure that detail spending plans by the Government of Prince Edward Island to operate each department for the next fiscal year.
The 2026-2027 provincial budget and related information is available in the following documents:
- Budget Address
- Estimates of Revenue and Expenditures 2026-2027
- Budget Paper on the Economy 2026
- Budget Highlights
- Pre-budget Consultations
Affordability for Islanders
Ensuring Everyday Affordability
We’re proud that PEI is such a wonderful place to live but know that Islanders are feeling the impacts of national price increases. We’re providing direct supports to help make life more affordable.
- Island Essentials Benefit - $26 million
- PEI Home Heating program - $7.2 million
- $10/day childcare - $81.6 million
- PEI School Food program - $8.3 million
- Free K-9 school supplies - $985,000
- Free universal pre-k - $1.6 million
- Enhanced PEI Child Benefit - $4.5 million
- Housing supports, including mobile vouchers for tenants and rent supplement program, transitional housing and shelter supports - $25.4 million
- Seniors Independence Initiative - $3.4 million
- AccessAbility Supports program and residential services - $68.5 million
- Social Assistance program, including community care facilities support - $69.3 million
- In January 2026, reducing taxes paid by Islanders through increases to the basic personal amount, spousal and equivalent amount, and income threshold for the low-income tax reduction - $3.2 million
- Maintaining existing personal income tax rates for Islanders earning less than $200,000 per year
Our Communities, Land & Economy
Growing Communities, Preserving Our Land, and Strengthening Our Economy
We’re investing in Prince Edward Island’s most important assets: its people, its land, and its industries.
- Infrastructure grants to communities - $54.6 million
- Rural Growth Initiative - $7.5 million
- Rural transit routes - $3.0 million
- Joint Enforcement Team - $819,000
- Protected areas fund - $1.5 million
- Watershed management fund - $2.1 million
- Interim Coastal Policy Recommendation fund - $987,000
- Oil-to-Heat Pump Affordability program - $15.6 million
- Home Insulation programs - $10.1 million
- Home Energy Assessments - $1.3 million
- Energy Strategy Phase 1 implementation - $125,000
- Business development, innovation, and export programs - $61.4 million
- Trade and market development initiatives - $2.3 million
- Sustainable Canadian Agriculture Partnership programs - $7.0 million
- Aquaculture contingency fund - $6.0 million
Our Healthcare & Education
Care Islanders Can Rely On, Educating Our Future
We’re focused on sustainable healthcare delivery – supporting workers, and getting Islanders the care they need.
Investing in early years and education is an investment in our future.
- Fund 85 new long-term care beds - $5 million
- In partnership with Nova Scotia, support 5 internationally trained physicians to be practice ready for PEI - $875,000
- Continuing seniors at-home healthcare support programs, including Self-Managed Care and At-Home Caregiver Support program - $15 million
- Continuing Pharmacare programs - $76 million
- Recruitment and retention of healthcare workers - $30.9 million
- Advancing the patient medical home model, increasing access to more holistic care - $57.8 million
- UPEI Faculty of Medicine and Health Sciences Centre - $25.8 million
- Prince County Hospital Foundation Learning and Innovation Centre - $4 million
- Addressing MRI testing, lab results and cataract surgeries wait times - $9.3 million
- Enhance fertility supports for families - $705,000
- 400 new early centre spaces - $4.2 million
- Jenkins report response - $1.4 million
- Additional educational assistants and youth service workers - $3.7 million
- Implement the Cyberviolence Prevention Strategy - $410,000
- Post-secondary bursaries for Island students - $12 million
- Training PEI/LMDA, including 100% tuition subsidy programs for health professions - $10 million
Where can I find older budget documents?
Search Budget Archives for documents from 1998 to present.
Contact:
Sara Watson
Telephone: (902) 368-4201
Toll-free: 1-800-236-5196
Email: sdwatson@gov.pe.ca