RELATED: Province is forecasting $600,000 surplus in 2017-2018 budget
Highlights of the 2017-2018 budget:
- Balanced budget with surplus of $600,000 forecast
- More than $1.8 billion in spending
- Basic personal income tax exemption increasing by two per cent
- More than $1.1 million added to municipal grants
- Health P.E.I. budget increasing 5.8 per cent to $640 million
- Provincial revenues forecast to increase by almost $80 million
- Increase of more than $5 million in education spending
- Family and Human Services budget increasing by $6.6 million
- Government to spend $600,000 on a universal influenza immunization program
- Net debt projected to increase to $2.19 billion
- Increase of $600,000 in spending on educational assistants
- Early-years autism grants increasing by $100,000
- Funding to UPEI, Holland College and College de L’Ile increasing by one per cent
- Contributing $2 million to new Angel/Seed Investment Fund being established by Island Capital Partners
- Allocating almost $600,000 to improving records information processes across government
- Establishing four economic advisory councils across the province
