Pakistan Budget: Rs18.8 Trillion Outlay for FY2026-27, 4% Growth Target
Finance Minister Muhammad Aurangzeb presented the FY2026-27 budget in the National Assembly (NA), addressing a session that began two hours after the scheduled time of 3pm and is marred by loud protests by the opposition. NA Speaker Ayaz Sadiq presided over the session, who invited Aurangzeb to present the budget. The budget has an outlay of Rs18.8 trillion, of which Rs8,045bn would be set aside for markup payment, Aurangzeb said in his budget speech. The finance minister sai
Finance Minister Muhammad Aurangzeb presented Pakistan's budget for the fiscal year 2026-27, amounting to Rs18.8 trillion. The budget aims for an economic growth of 4 percent, with an average inflation rate projected at 8.2 percent. Key allocations include Rs8,045 billion for markup payments, and tax revenue is estimated at Rs15,264 billion. The fiscal deficit is targeted at 3.6 percent of GDP, with a primary surplus of 2 percent. Provinces are set to contribute Rs8,848 billion to federal revenue under an agreement focused on "federal cooperativism." The minister highlighted the nation's strengthened defense capabilities, noting their contribution to foreign exchange earnings and enhanced strategic partnerships, citing a recent pact with Saudi Arabia.
This budget outlines Pakistan's fiscal strategy, economic targets, and revenue/expenditure plans for the upcoming fiscal year, reflecting national priorities and economic outlook.
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