Pre-Budget Consultations for the 2023-2024 Operating Budget
Prince Edward Island continues to lead the country in some key economic areas, but the province is facing added pressure from higher inflation and recovery from natural events like Hurricane Fiona. For example:
- Prince Edward Island’s GDP grew by 7.9 per cent last year – the fastest growth amongst provinces.
- Prince Edward Island set another population growth milestone in 2022, with 5,930 people coming to Island for a growth rate of 3.6 per cent. This is the highest growth rate for the province on record.
- On a year-to-date basis through November, employment has increased by 6.8 per cent to average 84,500 people.
- Consumer prices remain elevated on PEI, with year-to-date inflation up 8.9 per cent through October. Inflation is impacting most major components, including shelter, food and energy.
- The Bank of Canada indicates price pressures may be losing momentum.
- The Conference Board of Canada predicts PEI’s economic growth will be slower in 2023, though still expand by 2 per cent.
Government is now working on plans for the 2023-2024 operating budget for the province. The budget estimates how much money government might bring in during the year – and how much it expects to spend on programs and services for Islanders.
How to participate
There are a few ways for the public to share ideas on what they want to see – or not see – in the upcoming budget.
You can participate in a virtual consultation on Zoom by emailing firstname.lastname@example.org to register.
- Tuesday, December 13, from 2:00 – 4:00pm; or
- Monday, January 9, from 2:00 - 4:00 pm (with simultaneous consultation in French)
Join the Facebook Live event on the Government of Prince Edward Island’s Facebook page on Thursday, January 5 at 7:00 pm.
Complete the survey in English or French (now closed)
You can also email a submission to email@example.com
The deadline for submissions is January 10, 2023
See what Islanders said during Pre-budget Consultations 2022
Submissions will also be provided to the department/departments responsible.
Personal Information is collected by the Department of Finance under the authority of Section 31 (c) of the Freedom of Information and Protection of Privacy Act and will be used to assist in budget deliberations. For more information about the collection or use, contact 902-620-3679.