• P.E.I.'s deficit projection grows to nearly $460M in latest economic update

  Source: Prince Edward Island - Regional News
  Date: 2026-10-30 23:12:30.0
  Tags: [Prince Edward Island, Finance, Economy, Healthcare, Social Services]

  In its fall fiscal and economic update, the Government of Prince Edward Island increased its projected deficit for the 2026-27 fiscal year by nearly $50 million, moving from a spring budget projection of $410 million to $459.3 million. Operating expenses came in over $100 million above budget, primarily driven by spending on health care, social program funding, and rising fuel costs, according to Finance Minister Jill Burridge. Despite the increased deficit, the province's net debt is forecast to decrease by $101.8 million compared to spring estimates due to improving revenues, supported by a 3.1 per cent increase in average monthly employment, a drop in the unemployment rate to 7.4 per cent, a 7.2 per cent rise in international goods exports, and a 3.5 per cent increase in farm cash receipts.

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• P.E.I.'s mobile mental health program extended for another year

  Source: Prince Edward Island - Regional News
  Date: 2026-10-27 21:00:51.0
  Tags: [Prince Edward Island, Healthcare, Social Services, Finance]

  The federal and provincial governments have renewed funding for Prince Edward Island's mobile mental health program, extending the initiative through March 31, 2028. The program, operationally managed by Medavie Health Services, allows Islanders experiencing a mental health crisis to call and receive care from specialized professionals or dispatched mobile teams. Earlier in the year, provincial Health and Wellness Minister Cory Deagle noted that Ottawa was cutting over $29 million in health-care funding to P.E.I., which included $2.6 million for mobile mental health units and student well-being teams previously slated to end in March 2027. CUPE Local 3324 president Jason Woodbury praised the extension, noting the service helps reduce wait times for ground ambulances and emergency rooms.

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