P.E.I. trims its five-year capital plan to $1.34 billion, keeping health care and schools as priorities

Prince Edward Island plans to spend about $1.34 billion on capital projects over five years, down $289 million from last year's plan, under a capital budget Finance Minister Jill Burridge tabled Nov. 10. Spending in 2027-28 would be $372.6 million, about 23 per cent less than last year. Burridge called it a deliberate slowdown to finish existing work and manage costs and borrowing, as the auditor general warns debt could reach $6 billion by 2031. Health care gets $418 million, including the Three Rivers Health Campus, and education more than $380 million. Opposition Liberals and Greens criticized the government's planning.