The province will increase its net debt to $2.7 billion this year.
During Premier King’s tenure, spending has grown on average by more than 9 per cent annually in P.E.I.
The Maritime provinces receive a larger share of their revenue from federal transfers than any other province.
The province's level of private-sector investment per worker was the second-lowest in Canada.
The province's net debt will top $2.6 billion, which breaks down to $16,285 per Islander.
Prince Edward Islanders will pay approximately $809 per person in provincial debt interest costs this year.
The province's net government debt may rise 17 per cent in 2020/21.