Prince Edward Island 2022 Budget: Prioritizing Recovery
The Province of Prince Edward Island (PEI or the Province; rated A with a Stable trend by DBRS Morningstar) released its 2022–23 provincial budget (the Budget) on February 24, 2022. The Budget renews PEI's efforts for economic recovery amidst an environment of increasing external risks. While the Province has not projected a return to balance over the medium term, DBRS Morningstar believes PEI should be able to withstand some temporary erosion in its financial risk assessment without an adverse change to its current ratings.
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