P.E.I. plans to spend less on buildings and roads over five years

Prince Edward Island plans to spend about $1.34 billion over five years on things like hospitals, schools and roads. This is called a capital budget. It is $289 million less than last year's plan. Finance Minister Jill Burridge shared it on November 10. In 2027-28, the province plans to spend $372.6 million. That is about 23% less than last year. Burridge wants to finish work already started and control costs and borrowing. The auditor general, who checks government spending, warns the province's debt could reach $6 billion by 2031. Health care would get $418 million. Opposition parties criticized the plan.