BUDGET 2026-27: Political, fiscal reality to reshape uplift budget as NEC meets today
• Rs4.7tr federal, provincial development plans may be revised • Federal PSDP may rise above Rs1.3tr; provincial ADPs could be trimmed • Mega projects face major cost, time overruns ISLAMABAD: The National Economic Council (NEC) is set to meet on Monday (today) and may revise federal and provincial development plans worth Rs4.715 trillion for the next fiscal year amid conflicting fiscal needs of critical political and other institutional stakeholders. The NEC — the highest ec
The National Economic Council (NEC) is scheduled to convene today to potentially revise development plans worth Rs4.715 trillion for the upcoming fiscal year. This adjustment is being considered due to competing fiscal demands from various political and institutional stakeholders. The federal Public Sector Development Programme (PSDP) might see an increase beyond Rs1.3 trillion, while provincial Annual Development Plans (ADPs) could face reductions.
Discussions will also cover the review of current and proposed annual plans, along with socio-economic indicators. A report on mega projects is expected to highlight significant cost and time overruns, with approximately 25% of ongoing projects experiencing budget increases and nearly 79% facing delays. These overruns place a strain on public finances and impact development goals.
The NEC's decisions will shape the allocation of public funds for development projects, directly influencing the pace and effectiveness of national progress and economic growth.
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