Public-sector capital investment is pegged at $48.5 billion over the next three years.
The province’s current spending levels greatly exceed its tax revenues.
For the province's top earners, each new dollar they earn is taxed at 53.53 per cent.
Program spending is projected to be $4.2 billion higher in 2023/24 than budgeted just a few months ago.
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.
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