Prince Edward Island Budget Report
April 07, 2017
On April 7, 2017, the Honorable Allen F. Roach tabled his third budget as Minister of Finance and Chair of Treasury Board for Prince Edward Island. For the first time since 2007-08, the province has presented a balanced budget.
The deficit expected for the 2016-17 fiscal year is $17.9 million, which is up from the original forecast of $9.6 million last year. A surplus of $601,000 is predicted for the 2017-18 fiscal year. The turnaround in the province’s finances is due primarily to strong revenue growth.
HIGHLIGHTS
- Projected surplus of $601,000 in 2017-18
- Deficit for 2016-17 is S17.9 million
- No changes in personal or corporate tax rates
- Basic personal and spouse amounts to increase
- Education tax credits will be preserved
Download BDO’s Budget Report