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The Government of Pakistan has presented a budget of more than 18 lakh crore Pakistani rupees for the financial year 2026-27. After getting approval from the cabinet of Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb presented this budget proposal in the Parliament.
Tough economic decisions have been taken in this budget to meet the conditions of the International Monetary Fund (IMF) and to bring the country’s economy back on track. According to the documents, Pakistan’s biggest challenge is still debt. Out of the total budget of Rs 18.8 lakh crore, 8.05 lakh crore Pakistani rupees will be spent only in repaying the installments of the old loan and its interest.
Defense expenditure has been given special priority in the budget. The government has allocated approximately Rs 3 lakh crore Pakistani rupees for army and defense related expenses. Apart from this, Rs 1.7 lakh crore has been kept separately for the administrative expenses of defense services. The defense budget has been increased by 17.5 percent compared to last year.
A target of 4% (GDP) growth has been set in the new financial year, while the average inflation rate is estimated to be 8.2%. Salaries and pensions of government employees have been increased by 7%, and minimum wages are proposed to be increased by 10%. The 9% surcharge on the rich class has been removed.
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Pakistan’s budget presented, government said – debt is the biggest challenge, 8 lakh crores will be spent every year in paying interest installments.
The Government of Pakistan has presented a budget of more than 18 lakh crore Pakistani rupees for the financial year 2026-27. After getting approval from the cabinet of Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb presented this budget proposal in the Parliament. Tough economic decisions have been taken in this budget to meet the conditions of the International Monetary Fund (IMF) and to bring the country’s economy back on track. According to the documents, Pakistan’s biggest challenge is still debt. Out of the total budget of Rs 18.8 lakh crore, 8.05 lakh crore Pakistani rupees will be spent only in repaying the installments of the old loan and its interest.
Defense expenditure has been given special priority in the budget. The government has allocated approximately Rs 3 lakh crore Pakistani rupees for army and defense related expenses. Apart from this, Rs 1.7 lakh crore has been kept separately for the administrative expenses of defense services. The defense budget has been increased by 17.5 percent compared to last year.
A target of 4% (GDP) growth has been set in the new financial year, while the average inflation rate is estimated to be 8.2%. Salaries and pensions of government employees have been increased by 7%, and minimum wages are proposed to be increased by 10%. The 9% surcharge on the rich class has been removed.
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