The province increased program spending by 11.5 per cent in 2022/23.
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.
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.