Budget 2026-27 Faces Multiple Fiscal Risks
• $40 price spike per oil barrel risks adding 0.8pc to deficit • Natural disasters threaten 1.5pc fiscal hit • Tax exemptions, concessions risk a 1.3pc budget hole • 10pc tax collection shortfall costs 0.7pc of GDP • Loss-making state entities drain an extra 0.4pc ISLAMABAD: The government has warned of key risks to next year’s budget outlook, such as global oil price hikes, sluggish GDP growth, revenue shortfalls, increased debt servicing costs, state-owned entities’ poor pe
The finance ministry has highlighted several risks that could impact the 2026-27 budget, including rising oil prices, natural disasters, and tax shortfalls. A $40 increase in oil prices per barrel could add 0.8% to the fiscal deficit. Natural disasters may cause a 1.5% fiscal loss. Tax exemptions and concessions could create a 1.3% budget gap. A 10% shortfall in tax collections would cost 0.7% of GDP. Loss-making state entities could drain an additional 0.4%. The government is preparing mitigation strategies to manage these challenges and maintain fiscal stability.
These risks could significantly affect the country's economic stability and public finances.
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