Government budget and revenue in Prince Edward Island, Canada: official figures
The provincial government of Prince Edward Island took in $3.1 billion of revenue in the 2024/25 fiscal year (Statistics Canada government finance statistics, reference year 2024), or $17,242 per resident; 6th highest of 13 provinces and territories per resident. Revenue was $3.0 billion a year earlier.
How much does the government of Prince Edward Island spend?
Expenses of the government of Prince Edward Island came to $3.3 billion in 2024/25, $18,595 per resident (6th highest of 13 provinces and territories), against $3.1 billion in the previous year.
Source: Statistics Canada · saved copyDoes the government of Prince Edward Island have a deficit?
Revenue minus expense left the government of Prince Edward Island with a net operating deficit of $242 million in 2024/25, equal to 7.8% of revenue; 5th weakest balance of 13 provinces and territories.
Source: Statistics Canada · saved copyWhere does the government of Prince Edward Island get its money?
Taxes made up 52.9% of revenue for the government of Prince Edward Island in 2024/25 ($1.6 billion), and grants from other levels of government, which include federal transfers, made up 39.4% ($1.2 billion); 4th highest share of 13 provinces and territories for grants.
Source: Statistics Canada · saved copyHow much income tax does Prince Edward Island collect?
Personal income tax raised $614 million for the government of Prince Edward Island in 2024/25 (19.9% of revenue), and taxes on goods and services, including sales and fuel taxes, raised $667 million (21.6%).
Source: Statistics Canada · saved copyHow much interest does the government of Prince Edward Island pay?
Interest on debt cost the government of Prince Edward Island $172 million in 2024/25, 5.2% of its expenses; 6th highest share of 13 provinces and territories. Social benefits paid directly to people came to $160 million.
Source: Statistics Canada · saved copyWhat is the debt of Prince Edward Island?
At the end of 2024/25, the government of Prince Edward Island had financial assets of $2.3 billion and liabilities of $4.7 billion, a net financial debt of $2.3 billion, or $13,032 per resident; 4th weakest position of 13 provinces and territories per resident.
Source: Statistics Canada · saved copyHow much has the government of Prince Edward Island borrowed?
Debt securities such as bonds and treasury bills issued by the government of Prince Edward Island stood at $3.8 billion at the end of 2024/25, $21,245 per resident, against $3.4 billion a year earlier.
Source: Statistics Canada · saved copyHow Prince Edward Island compares with other provinces
Provincial or territorial government revenue per resident, 2024/25 (2024/25)
Prince Edward Island ranks 6 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government revenue per resident, 2024/25 |
|---|---|---|
| 3 | Yukon | $44,293 |
| 4 | Quebec | $19,138 |
| 5 | Saskatchewan | $17,641 |
| 6 | Prince Edward Island | $17,242 |
| 7 | Newfoundland and Labrador | $17,242 |
| 8 | Alberta | $16,573 |
| 9 | Nova Scotia | $16,287 |
Provincial or territorial government expense per resident, 2024/25 (2024/25)
Prince Edward Island ranks 6 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government expense per resident, 2024/25 |
|---|---|---|
| 3 | Yukon | $43,873 |
| 4 | Quebec | $20,903 |
| 5 | Saskatchewan | $19,278 |
| 6 | Prince Edward Island | $18,595 |
| 7 | Newfoundland and Labrador | $17,814 |
| 8 | British Columbia | $16,395 |
| 9 | Manitoba | $15,813 |
Net operating balance as a share of revenue, 2024/25 (2024/25)
Prince Edward Island ranks 9 of 13, highest first. Negative values are deficits.
| Rank | Region | Net operating balance as a share of revenue, 2024/25 |
|---|---|---|
| 6 | Yukon | 0.9% |
| 7 | Newfoundland and Labrador | -3.3% |
| 8 | Manitoba | -7.7% |
| 9 | Prince Edward Island | -7.8% |
| 10 | Ontario | -8.2% |
| 11 | Quebec | -9.2% |
| 12 | Saskatchewan | -9.3% |
Net financial worth per resident, 2024/25 (negative = net debt) (2024/25)
Prince Edward Island ranks 10 of 13, highest first.
| Rank | Region | Net financial worth per resident, 2024/25 (negative = net debt) |
|---|---|---|
| 7 | Saskatchewan | $-8,460 |
| 8 | Nova Scotia | $-11,267 |
| 9 | Quebec | $-11,915 |
| 10 | Prince Edward Island | $-13,032 |
| 11 | Manitoba | $-16,986 |
| 12 | Newfoundland and Labrador | $-18,663 |
| 13 | Ontario | $-19,733 |
Interest as a share of government expense, 2024/25 (2024/25)
Prince Edward Island ranks 6 of 13, highest first.
| Rank | Region | Interest as a share of government expense, 2024/25 |
|---|---|---|
| 3 | Manitoba | 10.0% |
| 4 | Ontario | 7.3% |
| 5 | New Brunswick | 5.8% |
| 6 | Prince Edward Island | 5.2% |
| 7 | Saskatchewan | 5.1% |
| 8 | Alberta | 4.9% |
| 9 | British Columbia | 4.6% |
Grants from other levels of government as a share of revenue, 2024/25 (2024/25)
Prince Edward Island ranks 4 of 13, highest first.
| Rank | Region | Grants from other levels of government as a share of revenue, 2024/25 |
|---|---|---|
| 1 | Yukon | 85.0% |
| 2 | Nunavut | 82.8% |
| 3 | Northwest Territories | 74.0% |
| 4 | Prince Edward Island | 39.4% |
| 5 | New Brunswick | 37.1% |
| 6 | Manitoba | 36.5% |
| 7 | Nova Scotia | 34.6% |
More on Prince Edward Island: overview · economy and jobs · health · education and schools · poverty and living standards · Canada
Sources
- Statistics Canada: Table 10-10-0017-01: Canadian government finance statistics for the provincial and territorial governments (Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 1ced6a105cfe…)
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