PTI Rejects FY2026-27 Federal Budget, Calls it Elite Self-Preservation

Pakistan Tehreek-e-Insaf (PTI), a major opposition party, has strongly rejected the federal budget for the fiscal year 2026-27. The party described the Rs18.8 trillion budget as a "refined exercise in elite self-preservation." PTI's Information Secretary, Sheikh Waqas Akram, pointed to the Pakistan Economic Survey showing a continued decline in various sectors compared to the PTI's previous tenure. He criticized the government's projected growth rate of 3.7 percent, contrasting it with the nearly 6 percent growth achieved by the previous administration despite global challenges. Akram also highlighted increased poverty and the burden on ordinary citizens, while relief measures primarily benefit higher income brackets and select businesses.

This news is important because it reflects significant political opposition to the government's economic policies and budget, indicating potential future fiscal and political challenges.