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 2021-2022 provincial budget and related information is available in the following documents:

Investments in a healthier Island

  • $4.4 million to revitalize primary care;Budget Highlights Cover
  • $3 million for the development of the PEI Centre for Mental Well-Being; and
  • $1.5 million for a free shingles vaccine for Islanders aged 65 and older, which will be the most comprehensive program in the country.

Our commitment to children and families

  • $2.9 million to implement a universal half-day Pre-Kindergarten Program;
  • $625,000 to reduce childcare rates to $25 per day starting in January 2022; and
  • $4 million for 80 new front-line positions in our schools, including teachers, autism consultants, educational assistants, and bus drivers.

Investing in clean technology and our environment

  • $5.6 million to support and expand the heat pump rebate program through efficiencyPEI;
  • $500,000 to establish an electric vehicle rebate program; and
  • $250,000 for a rural transit system pilot program beginning fall 2021.

Creating a robust and inclusive economy

  • $4.6 million to fund additional tax reductions, including increasing the basic personal amount to $11,250 and the low-income reduction threshold to $20,000;
  • reduce the small business tax rate to 1 per cent and position Prince Edward Island at the lowest rate in Atlantic Canada;
  • establish a $1 million micro-loan program to assist Indigenous women, youth, BIPOC, and 2SLBGTQIA+ entrepreneurs to start new businesses. 

Where can I find older budget documents?

Search Budget Archives for documents from 1998 to 2020.

Contact:

Telephone: (902) 368-4201
Toll-free: 1-800-236-5196
Fax: (902) 368-5544 
Email: tlredmond@gov.pe.ca

 

Published date: 
March 12, 2021
Finance

General Inquiries

Department of Finance
2nd Floor South, Shaw Building
95 Rochford Street
P.O. Box 2000
Charlottetown, PE, C1A 7N8

Phone: (902) 368-4040
Fax: (902) 368-6575

DeptFinance@gov.pe.ca