{"id":1480,"date":"2022-03-01T05:00:57","date_gmt":"2022-03-01T05:00:57","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2022\/03\/01\/2022-pei-budget-focusing-on-priorities\/"},"modified":"2022-03-01T05:00:57","modified_gmt":"2022-03-01T05:00:57","slug":"2022-pei-budget-focusing-on-priorities","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/","title":{"rendered":"2022 PEI Budget \u2013 Focusing on priorities"},"content":{"rendered":"<p>On February 24, the PEI government released its 2022 budget, which maintains the course toward full recovery and a stronger, sustainable future. While there were few major new initiatives, those that Finance Minister Darlene Compton announced clearly prioritized building further resilience and laying the foundation for a greener, more inclusive economy. <\/p>\n<h4>Budget deficit projected to soar<\/h4>\n<p>Despite a cautiously optimistic outlook for the province, Minister Compton projects a $93 million deficit in 2022-23 or nearly four times the (downwardly-revised) $26-million shortfall in 2021-22 (initially forecasted at -$112 million). The increase in the deficit is mainly attributable to higher spending (up $62 million or 2.4%) though a small $4-million (-0.2%) drop in revenues also plays a role. <\/p>\n<div id=\"everviz-0XehKoHW9\" class=\"everviz-0XehKoHW9\"><script src=\"https:\/\/app.everviz.com\/inject\/0XehKoHW9\/\" defer=\"defer\"><\/script><\/div>\n<h4>Health, childcare and a greener economy top the priority list<\/h4>\n<p>The province plans to boost program expenditures by $46 million (1.9%), including a $27-million (3.0%) bump to health and wellness to, among other things, expand hospital capacity\u2014hiring and training physicians and nurses, as well as building medical homes\u2014and the provincial dental care program. Spending on other programs is projected to rise $20 million (1.3%). This will include investments to grow the childcare system (funded in large part by the federal government) and incentives to support the transition to a greener economy (including rebate programs to promote the purchase of electric vehicles and heat pumps). Interest charges are slated to increase $10 million and amortization of capital assets $6 million. <\/p>\n<h4>Drop in federal transfers to weigh on revenues<\/h4>\n<p>The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. Federal transfers are projected to drop $3.3 million (-0.3%) to $1.0 billion, while own-source revenues are seen to stay relatively flat (down just 0.1%) at $1.6 billion. The budget\u2019s revised forecast for 2021-22 now shows significant increases of $48 million and $160 million for federal transfers and own-source revenues, respectively. <\/p>\n<h4>The province still retains fiscal flexibility despite rising debt<\/h4>\n<p>The three-year fiscal plan projects deficits of $52 million in 2023-24 and $32 million in 2024-25. Funding successive shortfalls, however, will cause the provincial net debt to rise materially this year (up 8.8% to $2.7 billion) and the next two (up 5.3% and 3.3%, respectively) to $2.9 billion by 2024-25. As a share of GDP, net debt is projected to increase from 28.6% in 2021-22 to 30.5% by 2024-25. Still, this represents a significant downward revision from Budget 2021 (the terminal point was 33.8% in 2023-24). PEI\u2019s indebtedness compares favourably to provinces east of Saskatchewan. Despite the high costs the pandemic inflicted on governments around the world, PEI managed to retain valuable fiscal flexibility.<\/p>\n<div id=\"everviz-lTP9S35ba\" class=\"everviz-lTP9S35ba\"><script src=\"https:\/\/app.everviz.com\/inject\/lTP9S35ba\/\" defer=\"defer\"><\/script><\/div>\n<hr>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/PEI-table.jpg\" alt=\"\" width=\"1019\" height=\"614\" class=\"alignnone size-full wp-image-35545\" \/><\/p>\n<hr>\n<div class=\"rds-callout-white\" style=\"border: 1px solid #c4c8cc;\">\n<div class=\"rds-gcw\">\n<div style=\"display:inline-block; vertical-align: top;\" class=\"img w-mob-100\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/econ-download.png\" alt=\"\" width=\"261\" height=\"177\" class=\"aligncenter size-full wp-image-23215\" \/><\/div>\n<div class=\"rds-inline pad-hlf\" style=\"display:inline-block; vertical-align: top;\">\n<h4 class=\"mar-t\">Read report PDF<\/h4>\n<p><a class=\"btn tertiary\" role=\"button\" href=\"https:\/\/royal-bank-of-canada-2124.docs.contently.com\/v\/2022-pei-budget-focusing-on-priorities1\" target=\"_blank\" rel=\"noopener noreferrer\" data-dig-id=\"TNL_077\" data-dig-category=\"TNL Economics\" data-dig-action=\"mid-funnel click\" data-dig-label=\"BC Budget 2021\">Download<\/a>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22.<\/p>\n","protected":false},"author":265,"featured_media":1468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,91,45],"tags":[11,54],"rbc_econ_content_type":[],"class_list":["post-1480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-provincial-and-fiscal-outlooks","category-provincial-budgets-and-economic-statements","tag-economy","tag-prince-edward-island"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>2022 PEI Budget \u2013 Focusing on priorities - RBC Economics<\/title>\n<meta name=\"description\" content=\"The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. - RBC Economics\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2022 PEI Budget \u2013 Focusing on priorities\" \/>\n<meta property=\"og:description\" content=\"The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. - RBC Economics\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T05:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1236\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Hogue\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Hogue\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\"},\"author\":{\"name\":\"Robert Hogue\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d\"},\"headline\":\"2022 PEI Budget \u2013 Focusing on priorities\",\"datePublished\":\"2022-03-01T05:00:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\"},\"wordCount\":415,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80\",\"keywords\":[\"Economy\",\"Prince Edward Island\"],\"articleSection\":[\"Canadian Analysis\",\"Provincial and Fiscal Outlooks\",\"Provincial Budgets and Economic Statements\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\",\"name\":\"2022 PEI Budget \u2013 Focusing on priorities - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80\",\"datePublished\":\"2022-03-01T05:00:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d\"},\"description\":\"The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. - RBC Economics\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80\",\"width\":2560,\"height\":1236},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2022 PEI Budget \u2013 Focusing on priorities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d\",\"name\":\"Robert Hogue\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g\",\"caption\":\"Robert Hogue\"},\"url\":\"https:\/\/www.rbc.com\/en\/economics\/author\/roberth\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"2022 PEI Budget \u2013 Focusing on priorities - RBC Economics","description":"The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. - RBC Economics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/","og_locale":"en_US","og_type":"article","og_title":"2022 PEI Budget \u2013 Focusing on priorities","og_description":"The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. - RBC Economics","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/","og_site_name":"RBC Economics","article_published_time":"2022-03-01T05:00:57+00:00","og_image":[{"width":2560,"height":1236,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80","type":"image\/jpeg"}],"author":"Robert Hogue","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Robert Hogue","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/"},"author":{"name":"Robert Hogue","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d"},"headline":"2022 PEI Budget \u2013 Focusing on priorities","datePublished":"2022-03-01T05:00:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/"},"wordCount":415,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80","keywords":["Economy","Prince Edward Island"],"articleSection":["Canadian Analysis","Provincial and Fiscal Outlooks","Provincial Budgets and Economic Statements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/","name":"2022 PEI Budget \u2013 Focusing on priorities - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80","datePublished":"2022-03-01T05:00:57+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d"},"description":"The provincial government expects revenues to edge lower next year after surging $209 million (8.8%) in 2021-22. - RBC Economics","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80","width":2560,"height":1236},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/2022-pei-budget-focusing-on-priorities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"2022 PEI Budget \u2013 Focusing on priorities"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d","name":"Robert Hogue","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g","caption":"Robert Hogue"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/roberth\/"}]}},"author_meta":{"display_name":"Robert Hogue","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/roberth\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-454-scaled-1.jpg?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/\" class=\"advgb-post-tax-term\">Provincial and Fiscal Outlooks<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/\" class=\"advgb-post-tax-term\">Provincial Budgets and Economic Statements<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Provincial and Fiscal Outlooks<\/span>","<span class=\"advgb-post-tax-term\">Provincial Budgets and Economic Statements<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/\" class=\"advgb-post-tax-term\">Economy<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/\" class=\"advgb-post-tax-term\">Prince Edward Island<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Economy<\/span>","<span class=\"advgb-post-tax-term\">Prince Edward Island<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 4 years ago","modified":"Updated 4 years ago"},"absolute_dates":{"created":"Posted on March 1, 2022","modified":"Updated on March 1, 2022"},"absolute_dates_time":{"created":"Posted on March 1, 2022 5:00 am","modified":"Updated on March 1, 2022 5:00 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/265"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=1480"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/1468"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=1480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=1480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=1480"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=1480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}