The province's net debt will top $2.6 billion, which breaks down to $16,285 per Islander.
prince edward island
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.
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.
Budget include an additional $185 million in transfers from Ottawa.
Forecasts project a -5.1 per cent decline in the province's GDP.
New Brunswick's debt load will climb to an estimated 115 per cent of GDP over the next 25 years.