Pakistan’s federal budget for the fiscal year 2026-27 will be presented in the National Assembly today, with Finance Minister Muhammad Aurangzeb set to outline the government’s economic priorities for the coming year.
The budget, originally scheduled for June 10 before being rescheduled, is expected to detail revenue measures, spending plans and policies aimed at maintaining economic stability while supporting growth.
A day ahead of the budget announcement, the government released the Pakistan Economic Survey 2025-26, which reported GDP growth of 3.7% during the outgoing fiscal year. While this marked an improvement from last year’s 3.18% growth, it fell short of the 4.2% target set in the previous budget.
According to the survey, the growth was supported by improved macroeconomic management, stronger fiscal performance, recovery in large-scale manufacturing, resilience in the agriculture sector despite the 2025 floods, exchange-rate stability and reforms under the IMF’s Extended Fund Facility programme.
Meanwhile, the National Economic Council approved a Rs3.669 trillion national development programme for FY2026-27 and set a GDP growth target of 4%. The plan includes Rs1 trillion for the federal PSDP, Rs2.218 trillion for provincial development projects and Rs451 billion for state-owned enterprises. The council also revised development allocations for the current fiscal year.
