PEI Budget 2024 Signals Continued Focus on Healthcare, Housing and Affordability for all Islanders 

Georgetown Clean Tech Park PEI

March 28, 2024

Hon. Jill Burridge, Minister of Finance, presented government’s 2024-25 operating budget to the legislative assembly, outlining $3.2 billion in investments for Prince Edward Island with a continued focus on healthcare, housing and affordability measures.

“This budget signals where we’re headed as a province and shows Islanders where we will be making key investments in the upcoming year. Our government is responding to the needs of Islanders by investing in improving our healthcare system, helping to increase the availability and affordability of housing, and making life more affordable in our province.”

– Premier Dennis King

With revenues forecasted at $3.15 billion and planned spending of $3.23 billion, the province is expecting a deficit of approximately $85 million. The 2024-2025 budget focuses on improving healthcare, building housing and helping with the cost of living while supporting young and old Island residents, their families, and the places they live, learn and work. 

“Government budgets should be a reflection of what we’re hearing from Island residents, and I truly believe this one is,” said Minister of Finance, Jill Burridge. “We’re spending your tax dollars the way you want to see it spent. This is your hard-earned money. That’s something we never lose sight of and always remains top of mind.”

Highlights of the new investments in this budget include:

Improving Your Healthcare

  • $10.5 million to add more patient medical homes 
  • $9.9 million to support the implementation of a medical school
  • $7.1 million to add more doctors and more residency seats
  • $6.2 million to improve our recruitment of healthcare professionals
  • $4.9 million to provide more supports for seniors
  • $4.5 million to move towards wage parity for long-term care
  • $3.7 million to enhance access to care
  • $3 million to deliver mental health services
  • $2.4 million to integrate associate physicians and physician assistants
  • $2.2 million to train and upskill more RCWs, LPNs, paramedics and RNs

Building Together 

  • $10 million to grow and maintain our inventory of affordable units 
  • $6.9 million to expand shelter spaces and improve supports for vulnerable Islanders
  • $6.7 million for tax rebates for builders
  • $1.6 million to support social housing units
  • $200,000 to support creation of a land use plan

Helping with Everyday Costs

  • $14.6 million for tax system changes
  • $7.3 million for incentives to install heat pumps, hot water heaters and insulation
  • $3.1 million to improve supports for Social Assistance and AccessAbility Support clients
  • $1.1 million to introduce a PEI Children’s Benefit
  • $1 million to keep public transit fares affordable and add transit routes 
  • $380,000 to expand the seniors independence initiative

Learning and Growing 

  • $7 million to add more front-line staff to the education system
  • $4.3 million to grow childcare supports and spaces
  • $1 million to support school food programs
  • $940,000 to enhance the George Coles Bursary
  • $708,000 to implement a vision care program for children

Safer Communities and Strengthening Industries 

  • $2.4 million to implement the Gender-based Violence Action Plan
  • $2 million to grow the bioscience sector
  • $1 million to fund operating costs of the EV charging network
  • $1 million to strengthen agriculture 
  • $773,000 to improve impaired driving enforcement
  • $500,000 to begin development of a coastal management plan
  • $500,000 to expand the tourism season
  • $205,000 to support diversity and inclusion
  • $150,000 to address workforce challenges of municipal police services 

Source

Related Articles


Latest Articles

  • Industrial Projects Lead Non-Residential Construction Intention Gains

    Industrial Projects Lead Non-Residential Construction Intention Gains

    April 22, 2024 Month over month, the total value of building permits in Canada increased 9.3% to $11.8 billion in February. The non-residential sector grew 12.3% to $4.7 billion due to the issuance of several major construction permits, while the residential sector increased 7.4% to $7.1 billion. Ontario (+21.7% to $5.0 billion) led the growth, with gains occurring across all components. On… Read More…

  • Multi-Unit Component Weighs on Investment for February Building Construction Investment

    Multi-Unit Component Weighs on Investment for February Building Construction Investment

    April 22, 2024 Month over month, investment in building construction declined 1.1% to $19.3 billion in February. Investment in the residential sector decreased 1.2% to $13.4 billion, while investment in the non-residential sector fell 0.9% to $6.0 billion. On a constant dollar basis (2017=100), investment in building construction fell 1.2% to $11.9 billion in February, following a flat (+0.0%) movement in the previous… Read More…

  • Shore-Side Electricity and Data Monitoring Take Hold in the Cruise Industry

    Shore-Side Electricity and Data Monitoring Take Hold in the Cruise Industry

    April 15, 2024 On July 7, 2023, the United Nations International Maritime Organization (IMO) and its participating maritime countries set their Greenhouse Gas (GHG) emissions strategy to achieve net zero “by or around” 2050. As a result, the shipping industry, including cruise lines, is adopting various strategies to achieve this ambitious goal, including new fuels,… Read More…

  • Project Spotlight: Sainte-Thérèse High School Lighting Upgrade

    Project Spotlight: Sainte-Thérèse High School Lighting Upgrade

    Built in 1980, the building that houses Sainte-Thérèse high school, in Quebec Canada, was looking a little worse for the wear. Renovation work began with two major projects: introducing a multidisciplinary sports centre, as well as redesigning the parking lots.  The employee and visitor parking lots were completely reconfigured during phase 1 of the renovation… Read More…


Changing Scene

  • CCA Calls for Meaningful Investment as Housing Takes Centre Stage in Budget 2024

    CCA Calls for Meaningful Investment as Housing Takes Centre Stage in Budget 2024

    April 22, 2024 The federal government’s housing strategy is a long-awaited step forward to build more homes, but significantly more investment is needed to address critical infrastructure needs and the housing crisis, says Canada’s construction industry. The federal government’s plan announced in this Budget, as well as actions taken through the 2023 Fall Economic Statement,… Read More…

  • BCCA Response to Federal Budget 2024

    BCCA Response to Federal Budget 2024

    April 22, 2024 BCCA response to the federal budget announcement: The 2024 Federal Budget falls short on a number of policies required to meet the needs of BC’s construction industry, specifically in terms of workforce solutions and infrastructure. Our concern is that demand stimulated by aggressive housing targets and loan programs will surpass the BC… Read More…

  • Have your Voice Heard…Join in One of CEMRA’s 3 Subcommittee Groups and Make a Difference

    Have your Voice Heard…Join in One of CEMRA’s 3 Subcommittee Groups and Make a Difference

    April 22, 2024 The CEMRA board is looking for CEMRA reps to embark one of the three valuable Board subcommittees. If you are a rep, and would like to get involved and contribute, this is your opportunity. The 3 subcommittee groups include the following projects; If you have any questions, please reach out to the… Read More…

  • AEA RFP for Technical Seminars

    AEA RFP for Technical Seminars

    April 15, 2024 AEA is thrilled to announce that they’ll be hosting a series of sessions in Calgary, Edmonton, and Red Deer. These events promise to be multifaceted, bringing together a diverse array of attendees from the electrical industry. It’s an excellent opportunity for companies to showcase their products, as the sessions will be both… Read More…