Premier Robert Ghiz

P.E.I. Premier Robert Ghiz gets a failing grade from the Fraser Institute on his fiscal performance. (CBC)

A new report from the Fraser Institute on the fiscal performance of the premiers, gives a poor ranking to P.E.I. Premier Robert Ghiz.

In fact, he is ranked dead last.

The study gives each premier an overall score out of 100 and a rank based on their performance on government spending, taxes, deficits and debt.

Ghiz received a score of 33.2.

Former Newfoundland and Labrador premier Kathy Dunderdale received top ranking with a score of 84.6.

Charles Lammam, the associate director of tax and fiscal policy for the Fraser Institute, said there are a number of reasons why Ghiz received a poor score.

Fraser Institute, measuring the fiscal performance of Canada's premiers

(Fraser Institute)

"Across all measures, Premier Ghiz does a poor job," said Lammam.

"In particular, his two main failings were on managing government spending, keeping it affordable, within certain guideposts that ensure government spending does not get out of control. He unfortunately did not do a good job of that.

"When it comes to taxes, the key tax rates that we look at in the report, Premier Ghiz did not make P.E.I.'s tax system more competitive, whether we look at the personal side of things or the business side." 

Lammam said there is room for improvement across the board. 

He notes that when Wade MacLauchlan comes into office as the new premier of P.E.I., he should focus on getting government spending under control.

He said once that happens, the new premier should focus on making changes to the Island's tax system to make it more competitive.