Budget likely to be announced on June 12, says minister
Parliamentary Affairs Minister Tariq Fazal Chaudhry said on Tuesday that the budget for the next fiscal year (FY2026-27) would likely be announced on June 12. He posted this on X, further stating that summaries to convene budget sessions in the National Assembly and Senate on June 10 had been sent. The date for the budget’s presentation remains unconfirmed as the federal government, its coalition partners and provincial governments struggle to reach a consensus over the Centr
The federal budget for the upcoming fiscal year is tentatively slated for announcement on June 12, according to Parliamentary Affairs Minister Tariq Fazal Chaudhry. However, the exact presentation date remains uncertain due to ongoing disagreements between the federal government, its coalition partners, and provincial administrations. A key sticking point is the federal government's request for over Rs1 trillion for strategic needs, which has led to the postponement of crucial meetings like the National Economic Council.
Provinces are protesting the potential freezing of their shares in federal revenues, fearing it will create budget deficits and hinder their ability to operate. While the ruling PML-N and its major ally, the PPP, have reached an agreement on the broad budget framework, including development programs, further high-level consultations are required to resolve outstanding issues.
The finalization of the budget is critical for economic planning and resource allocation, and disagreements between the federal and provincial governments could significantly impact public services and development projects.
📌 Kaynak
Bu özet Dawn (PK) kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →