Budget 2026-27: Rs3.6tr overspending contradicts austerity claims
ISLAMABAD: Despite the government’s claims of austerity and tight fiscal discipline, Finance Minister Muhammad Aurangzeb has actually asked the parliament to give post-facto approval for a record Rs3.684 trillion supplementary grants for expenditure overruns and re-appropriation. Budget documents suggest that parliament would be required to approve more than four times higher supplementary grants later this month when compared to Rs895bn it regularised last year. This put a q
Finance Minister Muhammad Aurangzeb has requested parliamentary approval for Rs3.684 trillion in supplementary grants due to overspending. This is significantly higher than the Rs895bn approved last year. The government's claims of fiscal restraint are challenged by the large sums spent beyond allocated budgets. Key areas exceeding budgets include debt servicing, power, and defense. The grants cover expenditures from May to June 2024-25 and July to May 2025-26. Some funds were reallocated from one department to another without major fiscal impact. The supplementary grants include both regular and technical approvals. Over Rs3.2tr is for 2024-25 and Rs485bn for 2025-26. Major portions are for debt, power, and defense. The process raises questions about budgetary oversight and legal compliance.
This highlights concerns about government fiscal accountability and the accuracy of budgetary claims.
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