The province spent $171 million on business subsidies in 2019.
The average family in the province will pay more than 43 per cent of its income in taxes this year.
The province's net debt will reach a projected $3.2 billion by 2025/26.
The province had the fifth-highest tax rate on personal income for those who made $50,000.
Among nine P.E.I. premiers since 1965, Premier King has overseen the third-highest average annual increase in per-person spending.
The province will increase its net debt to $2.7 billion this year.