PEI posts $355.5-million deficit in 2025-2026 Public Accounts

Prince Edward Island ended the 2025-2026 fiscal year with a deficit of $355.5 million, the province said in Public Accounts released Oct. 2, 2026. The figure was $94.1 million lower than forecast in spring 2026 as part of the operating budget estimates.

The government released all three volumes of the 2025-2026 Public Accounts, which set out its audited financial results for the fiscal year ending March 31, 2026. Public Accounts is an annual financial summary and accountability report of the Government of Prince Edward Island, audited by the Auditor General.

Islanders expect us to manage the finances responsibly and these Public Accounts demonstrate that we are taking action on responsible fiscal management. Our strong economy has helped increase revenues, and we're within our target fiscal anchors. We're positioning our province for sustainable future growth while continuing to invest in what matters most to Islanders.Minister of Finance and Affordability Jill Burridge

Revenues for the year were just over $3.3 billion, $192.7 million higher than in 2024-25 and $45.5 million above the 2026 spring forecast. The province said the increase over the spring forecast was mainly due to higher than anticipated provincial corporate tax revenue.

Expenditures were just over $3.6 billion. Health and Wellness and Health PEI accounted for $1.4 billion, Education and Early Years $475.2 million, Social Development and Seniors $232.0 million, Transportation and Infrastructure $223.1 million and Workforce, Advanced Learning and Population $200.8 million.

Net debt at March 31, 2026, was $3.7 billion, or 32.3 per cent of GDP, which the province said reflects strong ongoing investments in tangible capital assets. Media contact for the release is Vicki Tse of the Department of Finance and Affordability.