#Operating budget free
$20.1M - Continue to provide free heat pumps to households to help Islanders save on home heating costs, while also making homes comfortable and environmentally friendly.Heat Pumps, Hot Water Heater and Insulation Programs.$250,000 - Funds added to the PEI Home Renovation Program to launch a low-income home repair grant to keep up with repairs and maintenance.$25M - To work with communities outside the capital area to develop construction ready lots for Islanders.$50M - To provide private developers with two percent financing for projects that are construction ready to spur immediate development $1M - To create opportunities for tiny home communities in rural PEI where Islanders can purchase and build equity instead of paying rent.$1.1M - To launch a Rent-to-Own program with financing options for first-time homeowners to rent a property with the intent to purchase and to create a Closing Cost Housing Support program to provide first-time home buyers with closing costs for purchasing their first home.$21.9M - To establish the Faculty of Medicine so we can train doctors right here in Prince Edward Island.$10M - To introduce $5 co-pays for over 150 medications used in the treatment of cardiovascular disease, diabetes, and mental health treatments, along with adding new drugs to the formulary.$3M - To provide Islanders with the opportunity to be treated for 32 common ailments at 48 community pharmacies across the province.$3.2M - Introduction of new Flexible Assertive Community Treatment Teams and the new Emergency Department and Short Stay unit at the QEH to assist Islanders with complex mental health needs.$8.9M - To add 100 front line positions and establish new medical homes across PEI.Estimates of Revenue and Expenditures 2023-2024.
The 2023-2024 provincial budget and related information is available in the following documents: The operating budget is the estimates of revenue and expenditure that detail spending plans by the Government of Prince Edward Island to operate each department for the next fiscal year.
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