Pre-Budget Consultations for the 2024-2025 Running Spending budget

The troubles of superior interest costs and inflation carry on to affect the all round overall economy – and the design sector in particular – even though pressures are starting to average. Inspite of these challenges, Prince Edward Island has ongoing to have a good financial functionality so far this yr. Some examples:

  • Real GDP advancement on the Island was 2.9% in 2022, the fastest progress east of Ontario.
  • As of July 1, 2023, PEI’s population was 173,787, a new all-time substantial. At a fee of 3.9 per cent (6,599 people), Prince Edward Island had the fastest annual level of advancement for the province on record.
  • Employment on Prince Edward Island has increased 4.6 for each cent (3,900 folks) on a year-to-date basis as a result of September, the swiftest progress amongst provinces.
  • The speed of inflation has been moderating on the Island by means of 2023, rising 3.4 for every cent on a year-to-date basis by way of September.
  • The worth of producing shipments and exports have grown 12.6 for every cent and 20.2 for each cent respectively by August, the quickest progress among provinces.
  • Following a sluggish get started to the year Prince Edward Island observed the second-maximum third quarter for housing get started on record.

Govt is now doing the job on designs for the 2023-2024 operating funds for the province. The finances estimates how substantially income federal government may possibly convey in for the duration of the calendar year – and how substantially it expects to invest on applications and services for Islanders.

How to participate  

There are a handful of methods for the community to share thoughts on what they want to see – or not see – in the approaching price range.

  • Total the Pre-Spending budget Session study in English or French 
  • Electronic mail your pre-spending plan session submission to  [email protected]
  • Virtual Zoom Functions: You can participate in one particular of the virtual session on Zoom by emailing [email protected] to sign-up. Zoom participation dates:
    • Monday, December 4th from 2:00pm to 4:00pm  with simultaneous French translation.
    • Monday, December 18th from 3:30pm to 5:00pm with simultaneous French translation.
      • Copy of Pre-Spending plan Consultation on 2024-25 Functioning Price range Presentation in English and French

The deadline to total the survey and supply submissions is December 22, 2023

See what Islanders said all through Pre-funds Consultations 2023

Submissions will also be supplied to the department/departments dependable.

Personalized Info is gathered by the Office of Finance under the authority of Segment 31 (c) of the Flexibility of Details and Safety of Privateness Act and will be applied to assist in spending budget deliberations. For extra info about the collection or use, speak to 902-620-3679.

Previous post ATO specified clear legal tips ahead of launching ‘robotax’ credit card debt campaign | Tax
Next post Overseas legislation firms to broaden Saudi Arabia’s authorized landscape