PEI 2025-2026 Public Accounts show improvement in deficit, increased revenues

Today, the Government of PEI released all three volumes of the 2025-2026 Public Accounts showing its audited financial results for the fiscal year ending March 31, 2026.

The 2025-2026 fiscal year ended with a deficit of $355.5 million. This was $94.1 million lower than forecast in spring 2026, as part of the operating budget estimates. 

“Islanders expect us to manage the finances responsibly and these Public Accounts demonstrate that we are taking action on responsible fiscal management. Our strong economy has helped increase revenues, and we’re within our target fiscal anchors. We’re positioning our province for sustainable future growth while continuing to invest in what matters most to Islanders.”

- Minister of Finance and Affordability Jill Burridge

Revenues for the fiscal year ending March 31, 2026, were just over $3.3 billion. This is $192.7 million higher than in 2024-25 and $45.5 million above the 2026 spring forecast. The increase from spring 2026 forecast was mainly due to higher than anticipated provincial corporate tax revenue.

Expenditures for the fiscal year ending March 31, 2026, were just over $3.6 billion. Key areas of expenditure include:

• $1.4 billion in Health and Wellness and Health PEI
• $475.2 million in Education and Early Years
• $232.0 million in Social Development and Seniors
• $223.1 million in Transportation and Infrastructure
• $200.8 million in Workforce, Advanced Learning and Population

Net debt at March 31, 2026, was $3.7 billion, or 32.3 per cent of GDP, reflecting strong ongoing investments in tangible capital assets. 

Public Accounts is an annual financial summary and accountability report of the Government of Prince Edward Island, audited by the Auditor General. 

For more information on public accounts, visit Public Accounts | Government of Prince Edward Island.

Media contact:
Vicki Tse
Department of Finance and Affordability 
vickitse@gov.pe.ca