Islamabad: 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. A motion to this effect was moved by Minister for Finance Muhammad Aurangzeb. The House passed the Finance Bill, 2026 with certain amendments, giving effect to the financial proposals of the federal government for the year beginning on the 1st July 2026. The budget projects an economic growth rate of four percent and an inflation rate of 8.2 percent for the next financial year.
According to Radio Pakistan, the Federal Board of Revenue (FBR) revenue collection is estimated to be 15,264 billion rupees, while the non-tax revenue target is 5,336 billion rupees. Additionally, 1000 billion rupees have been allocated for the federal Public Sector Development Program (PSDP) and 838 billion rupees for the Benazir Income Support Program. Over sixty percent of the Federal PSDP has been allocated to key sectors such as 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 includes relief measures for the salaried class as well as the agriculture, construction, and export sectors. The house has now been adjourned to meet again tomorrow at eleven am.
