Capital Budget

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Th2021 Fall Capital Budget report covere Capital Budget is a forecast of spending for infrastructure and capital projects such as roads and bridges, public buildings, and equipment. The operating budget is delivered each spring.

Premier Dennis King and Finance Minister Darlene Compton tabled government’s capital budget outlining $212 million in planned spending on vital infrastructure in 2022-2023 that will continue to build on commitments to support Islanders, now and in the future.



Climate Action and SustainabilityClimate Action and Sustainability report cover

  • $40.3M will be invested to ensure that all new school buses will be electric, which is the first time the Province has committed to purchasing only electric school buses.
  • $2.5M will go towards a new buffer zone buy back and restoration project that will increase greenspaces and benefit Island ecosystems
  • $1M will support the province’s efforts in planting over one million trees a year, an important goal to reduce PEI’s greenhouse gas emissions.





The Wellbeing of Islanders report coverThe Wellbeing of Islanders

  • $7.5M for ventilation systems to be upgraded across the remaining Island schools to ensure that all schools have mechanical ventilation.
  • $105.8M for the construction of the new Sherwood Elementary and Stratford High School, expansions and investments at École François-Buote and École Évangéline, and further renovations at Elliot River and Montague Schools.
  • $63.6M investment to introduce four new Medical Homes and Neighborhoods in Queens County, Summerside, and in Western and Eastern PEI.




Building our Communities and the Economy report coverBuilding our Communities and the Economy

  • $60.7M million to invest in social housing over five years, including $35 million in new spending which will result in over 100 new units.
  • $1.7M to benefit families and seniors by investing in retrofitting and greening of provincial housing infrastructure.
  • Over $6 million to continue the province’s commitment to healthier communities through improvements to active transportation across the Island, including PEI’s Confederation Trail system.




Where can I find older budget documents?

Search Budget Archives for documents from 1998 to 2020.


Telephone: 902-368-4201
Toll-free: 1-800-236-5196
Fax: 902-368-5544 

Date de publication : 
le 26 Octobre 2021

Renseignements généraux

Ministère des Finances
Immeuble Shaw, 2e étage (sud)
95, rue Rochford
C.P. 2000
Charlottetown (Î.-P.-É.) C1A 7N8

Téléphone : 902-368-4040
Télécopieur : 902-368-6575