News Archives

The provincial deficit for the last fiscal year is $13.1 million, a $6.8 million improvement from the original budget. The numbers are contained in the 2015-16 Public Accounts – or “blue books” - which were tabled today in the legislature by Finance Minister Allan Roach. The...

The provincial government will invest more than $96 million to build and maintain schools, manors, hospitals and highways and other priority infrastructure over the coming year. Prince Edward Island’s 2017-18 Capital Budget, which Finance Minister Allen Roach presented in the...

A provincial economic update and second-quarter budget forecast both contain positive news for Islanders. The economic update and second-quarter forecast were tabled in the legislature today by Finance Minister Allen Roach. At $7.9 million, the projected 2016-17 deficit is $1.7...

The provincial government has acted quickly on all of the recommendations in the Auditor General’s e-gaming report. Premier Wade MacLauchlan asked Finance Minister Allen Roach to coordinate an overall government response to the report’s 15 recommendations. “The Auditor General’s...

The following statement was made by Finance Minister Allen Roach on the report of the four Atlantic provinces’ Auditors General on the Atlantic Lottery Corporation. "The Auditors General of New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador today...

Standard and Poors has reaffirmed Prince Edward Island’s bond rating as stable, based on strong financial management and improving budgetary performance. “The bond rating agencies have all recognized that we are making great strides in strengthening our financial position and...

DBRS is the second agency in two weeks to confirm Prince Edward Island’s provincial credit rating as unchanged and stable. “The fact that we have maintained our bond rating helps signal to potential investors that Prince Edward Island is a wise choice for their money,” Finance...

New housing is being built in Prince Edward Island even faster than in 2015, Finance Minister Allen Roach says. “The rebound in housing construction that began in mid-2015 has continued into the first half of 2016, and at an even faster pace,” Minister Roach said. “Combined with...

Moody’s has confirmed Prince Edward Island’s provincial credit rating of Aa2, with a stable outlook. “We are pleased that we have maintained our bond rating during these challenging economic times when other jurisdictions have had their ratings downgraded,” Finance Minister Allen...

Cabinet has approved three changes to the province’s Liquor Control Act regulations addressing liquor licensing and consumption. The approved amendments align Prince Edward Island with the rest of Canada and specifically: 1. allow an individual or business to hold a liquor-agency...