The province will increase its net debt to $2.7 billion this year.
prince edward island budget
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.
The provincial government projects a $112 million operating deficit this year.
Government debt interest payments in P.E.I. currently amount to $123 million annually.