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 2018-19 provincial budget and related information is available in the following documents:
- Budget Address 2018
- Estimates of Revenue and Expenditures 2018-2019
- Background Notes on the Economy 2018
- Budget Highlights 2018
- An increase of $32 million to sustain and build on the provincial health system.
- Significant investments in mental health and 100 new long-term care beds over the next two years
Investing in Communities
- New Rural Growth Initiative will provide funding of $2.6 million to communities and organizations to revitalize community structures, attract people and grow jobs.
- Over $1.45 million invested to support cultural industries
- Small business tax cut will save small businesses up to $2,500 a year.
- New Small Business Investment Grant will help PEI companies reinvest and grow.
Investing in Students and Youth
- Free tuition for more than 1,000 lower-income Islanders
- New Island Advantage Bursary will provide all PEI students attending college or university in the province with an additional $3,600 for four year programs.
Investing in Education
- Up to 400 new childcare spaces, increase in wages for early years centres and added $1.2 million in child care subsidies will make it easier for PEI families to access childcare.
- New frontline positions and enhanced supports for students
Investing in Islanders and Families
- Rebates on the provincial portion of the HST on the first block of residential electricity will mean an average of $120 savings a year. Rebates for firewood, pellets and residential propane also.
- Basic personal amount will increase by $1,000 over two years.
- Up to 1,000 new low-income housing units.
- Significant investments in housing will allow Islanders to stay in their own homes and communities longer.
Responsible Government Spending
The second consecutive balanced budget means government is living within its means – and is able to invest in frontline services that matter the most to Islanders like healthcare, education and families.
Where can I find older budget documents?
Search Budget Archives for documents from 1998 to 2017.
Telephone: (902) 368-4201
Fax: (902) 368-5544