FALL FISCAL UPDATE
2020-2021
September 30, 2020
Fall Fiscal Update
The Forecast for 2020-2021 indicates
a deficit of $178.1 million.
Highlights:
Total revenue is forecast to decrease by
$36.8 million, primarily due to:
• Transportation...
Prince Edward Island
Budget Paper on the Economy
June 2020
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Prince Edward Island
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The following is an update to the economic situation of the
Province since the release of the Revised Economic Outlook in May.
This document will...
PRINCE EDWARD ISLAND
BUDGET ADDRESS
Presented by
Darlene Compton
Minister of Finance and
Chair of Treasury Board2020
Presented by
The Honourable Darlene Compton
Minister of Finance
and Chair of Treasury Board
At the First Session of the Sixty-...
MAIN ESTIMATES
Prepared by
Department of Finance
under the direction of the Chair of Treasury Board
The Honourable Darlene Compton
PRINCE EDWARD ISLAND
ESTIMATES
2020-2021
The full texts of the Budget Address, Estimates of Revenue and...
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Budget 2020 Highlights
Theme: Government Responds to COVID-19.
Budget Initiatives:
• 1
• 2
• 3
• 4
Tax Changes
Income Taxes, effective 1 January 2021:
• Raise the basic personal amounts by $500 to $10,500
•...
This program expands dental health care
benefits to seniors and low-income Islanders
to better meet the dental needs of our
vulnerable populations.
A further $8 million in annual investments as we
continue to extend supports offered through
the...
2 | Department of Finance / Forecast 2019-2020
Forecast
The Forecast for 2019-2020 indicates a deficit of $3.7 million.
Highlights:
Total revenue is forecast to decrease by $38.4 million,
primarily due to:
• Transportation, Infrastructure...
FISCAL UPDATE
Second Quarter Forecast
2018-2019
Department of Finance
2 | 2018-2019 Fiscal Update
Total revenue is forecast to increase by $30.3 million.
Finance revenue is up $33.6 million primarily from
higher corporate and personal...
• $19.1 million to start construction on a new
elementary school in Sherwood;
• $38 million to construct a new secondary school in
Stratford;
• $4.7 million for new classrooms in west Royalty;
• $8.9 million to complete improvements to...
Capital Budget 2019-2020
investing in Health
$7.2 million for the replacement of the
Picture Archiving and Communication
System used to store diagnostic images
throughout the Province
INVESTING IN ISLANDERS
PrinceEdwardIsland.ca/CapitalBudget...
