The National Assembly has passed the federal budget for the next fiscal year, with a total outlay of 18,771 billion rupees, focusing on accelerating economic growth and tax relief. The Finance Bill, 2026 was passed with certain amendments, giving effect to the financial proposals of the federal government for the year beginning on 1 July 2026. A motion to this effect was moved by Minister for Finance Muhammad Aurangzeb.
Key Economic Projections
The budget projects an economic growth rate of four percent and an inflation rate of 8.2 percent for the next financial year. FBR revenue collection is estimated to be 15,264 billion rupees, while the non-tax revenue target is 5,336 billion rupees. The government has allocated 1,000 billion rupees for the federal Public Sector Development Programme (PSDP) and 838 billion rupees for the Benazir Income Support Program (BISP).
Sectoral Allocations
Over sixty percent of the Federal PSDP has been allocated to key sectors: transport and communications, water resources, and energy. The remaining allocation has been distributed among other important sectors, including higher education, agriculture, health, and information technology. The budget also envisages relief measures for the salaried class as well as the agriculture, construction, and export sectors.
Parliamentary Proceedings
The house has now been adjourned to meet again tomorrow at eleven am. The passage of the Finance Bill marks the formal approval of the government's financial roadmap for the upcoming fiscal year.
