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B ud g et

Addre ss

2 0 1 1 :

M o vi n g

F o rward

To g e t h e r

In tro d uct i o n


Madame Speaker, in October 2007, I stood in this House to deliver our Government’s first budget – and to build a bridge between the past and the new directions we proposed for Prince Edward Island. In that budget, we began to respond to the unmet needs and economic challenges facing our Province. Our health care system was struggling to deliver needed services after a decade of underinvestment. Our education system was burdened with the structures and systems of the past. Our economy faced major challenges in our core industries of agriculture, tourism, and fisheries. Budget 2007 began the long work of investing in needed changes to health, to education, and to economic development. In Government’s first Speech from the Throne in April 2008 – One Island Community, One Island Future – we built on and advanced that work. Only six months later, in October 2008, the world fell into a global recession – the sharpest in over half a century. Our plan to strengthen and rebuild PEI was critical in meeting that threat, Madame Speaker. In November 2008, we moved forward faster than most other governments in Canada, and further than any government in PEI’s history – with a $510 million five-year capital stimulus plan to rebuild our roads, our schools, our hospitals, and our manors. That plan and other measures by Government played a critical role in helping our Island to weather the recession better than almost every other jurisdiction in North America. Over the past four years, working together with Islanders, we have built a stronger and more sustainable society and economy. We have addressed unmet needs and begun to renew our key services. We have strengthened our industries, and focused on the fundamentals of building a more competitive economy – through initiatives such as the provision of high speed Internet across PEI, improved transportation infrastructure, and lower electricity costs through the PEI Energy Accord. Those efforts have been linked and guided by one consistent theme: to act as One Island Community, united and purposeful, facing the future together with pride and confidence.


Prince Edward Island Budget Address 2011  

Prince Edward Island Budget Address 2011, Moving Forward Together, presented by the Honourable Wesley J. Sheridan

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