The Prince Edward Island government is forecasting a much larger surplus for the current fiscal year than budgeted.
The third-quarter forecast for 2018-2019 was released Wednesday, showing a projected surplus of $13.8 million, versus the Liberal government’s budgeted surplus of $1.5 million.
READ MORE: Prime Minister visits P.E.I, makes funding announcement
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Finance Minister Heath MacDonald says the province’s economy continues to thrive.
The Conference Board of Canada recently forecast P.E.I. to lead the country in economic growth over the next year.
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The new financial figures come in advance of an expected spring election on the Island.
READ MORE: All eyes turn to tiny P.E.I. as electoral reform put to voters
Recent polls suggest the governing Liberals are trailing in support behind the Green and Progressive Conservative parties.
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