Prince Edward Island delivers budget with estimated deficit of $39.6 million

CHARLOTTETOWN – The government of Prince Edward Island is projecting a deficit of $39.6 million for the 2014-15 fiscal year in a budget that focuses on fiscal restraint.

Finance Minister Wes Sheridan says the $1.6 billion budget stresses the importance of living within the province’s means in order to reach the goal of a surplus in 2015-16.

New spending measures include a program to provide free eye exams and glasses to some children in kindergarten.

Another $400,000 has been set aside to buy insulin pumps and related supplies for children with Type 1 diabetes.

Sheridan says the deficit for the 2013-14 fiscal year was pegged at $51.9 million.

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