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New funding agreement for municipalities announced
2017-12-06
The provincial government has announced an historic new way to fund the Island’s municipalities. Finance Minister Allen Roach today (November 6) outlined the funding changes in the Legislative Assembly. The new agreement will provide municipalities with more predictable funding and stronger growth...
Provincial budget surplus nearly doubles
2017-11-22
Prince Edward Island’s estimated budget surplus of $600,000 will nearly double, according to the latest projections. Finance Minister Allen Roach presented the fall fiscal update and second-quarter forecast ( www.princeedwardisland.ca/en/information/finance/economic-and-fiscal-updates ) to the...
Government invests in infrastructure to support Islanders
2017-11-17
Investing in infrastructure -, The provincial government will invest more than $134 million over the coming year in the priority areas of education, health, transportation and communications technology. Prince Edward Island’s 2018-19 Capital Budget, presented by Finance Minister Allen Roach to the...
Province’s debt rating reaffirmed as stable
2017-11-01
A third bond rating agency has reaffirmed the province’s debt rating as stable, again demonstrating government’s sound management of taxpayers’ dollars. Standard and Poor's (S&P Global) has joined Moody’s and DBRS in forecasting a stable outlook for the economy. The agency said that over...
Province reduces deficit by $8.25 million, on track to balance
2017-10-31
The provincial deficit for the 2016-2017 fiscal year now stands at just $1.3 million, with the province on track to achieve a balanced budget in the current fiscal year. Thanks to good financial stewardship, a strong economy, and a focus on key priorities, the deficit of $1.3 million compares...
Unauthorized spam sent by government e-mail system
2017-09-18
Islanders who received an e-mail titled “Tonight's Winner is Drawn in 10 Hours” should not click on the link it provides and are asked to delete the message. The provincial government’s e-mail newsletter system was accessed without authorization on Sunday, September 17. As a result, the...
Provincial government network issues resolved
2017-08-29
Public access to all government internet services has been restored after a broken fiber caused problems with the provincial government's network earlier today. Work was completed to successfully re-route data communications. Government apologizes for any inconvenience this disruption may have...
Moody’s reaffirms province’s bond rating as stable
2017-08-10
Moody’s has joined with bond rating agency DBRS to reaffirm Prince Edward Island’s bond rating as stable, reflecting strong debt management practices. In its report released this week, Moody’s states that the province’s balanced 2017-18 operating budget and good fiscal performance are helping to...
Reaffirmed bond rating shows sound budgeting, strong economy
2017-08-02
DBRS has reaffirmed Prince Edward Island’s bond rating as stable, signaling that the province remains a good choice for potential investors and its economy is on the right track. The bond rating agency’s report states that Prince Edward Island’s economic outlook is positive and its fiscal outlook...
Annual statistical review provides snapshot of province’s progress
2017-06-08
The provincial government’s 2016 Annual Statistical Review is now available. The 43rd edition gathers data from provincial government departments, the private sector and Statistics Canada to provide a socio-economic snapshot of Prince Edward Island. More than 100 data tables outline the province’s...