Program spending is projected to be $4.2 billion higher in 2023/24 than budgeted just a few months ago.
Blog - Fraser Forum
The province will run a $4.2 billion operating budget deficit in 2023/24.
The province now has the fourth-highest top personal income tax rate in Canada and the United States.
An unexpected boost in revenues temporarily forestalled rapid debt growth.
Government workers across Canada enjoyed an 8.5 per cent wage premium, on average, compared to comparable private-sector workers in 2021.
Among nine P.E.I. premiers since 1965, Premier King has overseen the third-highest average annual increase in per-person spending.
The country's rental vacancy rate fell to 1.9 per cent—the lowest it’s been since 2001.
Government wages in the province were 10.9 per cent higher, on average, than wages in the private sector.
The French health-care system features several safety nets to protect vulnerable patients.
The province's lagging underscores the need for pro-growth policy reform.