The province says that according to the latest projections, its estimated budget surplus of $600,000 will nearly double.
Finance Minister Allen Roach presented the fall fiscal update in the Legislature Wednesday.
Compared to the 2017-18 budget presented in April, revenue is forecast to increase by $23 million and will be offset by over $22 million in added expenditures – resulting in a budget surplus of more than $1.1 million.
Tax revenues increased $13.6 million due primarily to higher corporate and sales taxes.
Added expenditures included new teacher positions; and $16.8 million for Health PEI.