P.E.I. government projects record $410M deficit, warns of tough choices ahead

CBC: The budget projects revenues of $3.4 billion and planned spending of $3.8 billion, resulting in an estimated deficit of about $410 million.

That’s more than double the $183.9-million deficit originally projected for 2025-26 in last year’s spring budget — itself a record at the time. That number, though, has increased sharply since then with the deficit now forecast for 2025-26 at about $449.6 million…

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