Cost of Poverty in Prince Edward Island

Summary: 

This report estimates that the direct cost of poverty for the PEI government is just under 100 million dollars per year — and that these costs account for 6.7% of the 2009/10 PEI government budget. When the costs to government are added to the broader costs to the economy, the total cost of poverty for the province is $315 million dollars, which is equivalent to 7.6% of Prince Edward Island’s GDP. This corresponds to $2,700 per person, per year.

This report underlines the urgency for Maritime governments to act now to eliminate poverty, as investing in a comprehensive plan to alleviate poverty could cost as little as half as much as the quantifiable costs of poverty.

 

Publication date: 
Jun 2011
Author: 
Angella MacEwen, Christine Saulnier
Publisher: 
Canadian Centre for Policy Alternatives
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