BUDGET 2026-27: Budget timing in doubt after NEC meeting put off again
• Centre, provinces struggle to reach consensus over fiscal space • Federal govt seeks over Rs1tr for strategic needs; provinces resist freeze on NFC shares • KP says demand could push provinces into deficit • CM’s adviser says issue now political, not technical • Seeks consultation with Imran before budget decisions ISLAMABAD: The announcement of the federal budget 2026-27 remains uncertain as the federal government, its coalition partners and provincial governments struggle
The unveiling of Pakistan's 2026-27 federal budget faces significant delays following the repeated postponement of the National Economic Council meeting. Tensions have escalated as the federal government seeks an additional Rs1 trillion for strategic requirements, proposing that provincial shares under the National Finance Commission remain frozen at current levels. Provincial representatives, particularly from Khyber Pakhtunkhwa, have rejected this demand, warning that such constraints would force local governments into financial deficits and hinder essential operations. Officials argue that the federal proposal is politically motivated and conflicts with existing fiscal commitments made under IMF-backed agreements. With consensus currently out of reach, the original June 10 budget presentation date is increasingly unlikely to be met. The ongoing impasse highlights a deepening rift between federal and provincial authorities regarding the management of national fiscal resources.
The inability to finalize the budget threatens national economic stability and complicates Pakistan's adherence to international financial obligations.
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