March 13, 2019 2:49 pm
Updated: March 13, 2019 2:50 pm

Forecast shows growing budget surplus on P.E.I. as election looms

The Prince Edward Island legislature in Charlottetown on Sept. 25, 2003.

THE CANADIAN PRESS/Andrew Vaughan
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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

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.

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.

© 2019 The Canadian Press

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