CHARLOTTETOWN, P.E.I.: The Canadian Taxpayers Federation is slamming the Lantz government for irresponsible government borrowing in the 2026 Prince Edward Island budget.

“Island families have to live within their means, but the Lantz government’s spending is out of control and it’s running up the provincial debt,” said Devin Drover, CTF Atlantic Director. “Premier Rob Lantz must immediately reverse course and stop putting taxpayers on the hook for more soaring government debt and interest charges.”

The Lantz government will borrow $410 million in 2026. Total government debt is projected to increase nearly 20 per cent in just one year.

Interest charges will now cost taxpayers $201 million dollars this year. That is about $1,100 per person. This is an increase of nearly 18 per cent in just one year.

Meanwhile, despite rising costs and the threat of tariffs, the budget provides no meaningful tax relief for Islanders.

“Rather than making tough decisions, Lantz plans to saddle taxpayers with more higher taxes and government debt while doing nothing to make it easier for taxpayers to afford rent and groceries,” said Drover. “Not only is Lantz planning to irresponsibly borrow indefinitely, but he’s also refusing to provide any relief to Islanders who need it the most.”

The Lantz government is planning to continue borrowing until at least 2028, projecting to add $1.3 billion to government debt over a three-year period. This would cost taxpayers about $100 million annually in increased interest charges.