ISLAMABAD: The federal government has officially released the budget documents for fiscal year 2025-26, outlining a total outlay of Rs17,553 billion. Key revenue and expenditure details have been disclosed ahead of today’s National Assembly presentation by Finance Minister Muhammad Aurangzeb.
Revenue Targets
– Non-tax revenue: Rs2,147 billion
– Petroleum levy: Rs1,468 billion
– Natural Gas Development Surcharge: Rs50 billion
– Gas Infrastructure Development Cess: Rs2.4 billion
– LPG petroleum levy: Rs5 billion
– FBR tax collection target: Rs14,131 billion
– Direct taxes: Rs6,902 billion (including Rs6,811 billion from income tax)
– Indirect taxes: Rs7,229 billion (customs duty Rs1,588 billion, sales tax Rs4,753 billion, federal excise duty Rs888 billion)
Major Expenditures
– Debt servicing: Rs8,207 billion (loan repayments + interest)
– Pensions: Rs1,055 billion (for retired government employees)
– Non-development budget: Rs971 billion (for federal ministries/departments)
Development Spending
– National Development Plan: Rs4,223 billion
– PSDP allocation: Rs2,869 billion
– Federal ministries/divisions: Rs682 billion
– Key sectoral allocations:
– National Highway Authority: Rs226.98 billion
– Power Division: Rs90.22 billion
– Water Resources Division: Rs133.42 billion
Macroeconomic Targets
– GDP growth target: 4.2%
– Current account deficit: $2.1 billion (-0.5% of GDP)
Approval Process
The budget proposals were formally approved by the federal cabinet during a meeting chaired by Prime Minister Shehbaz Sharif in Islamabad. The finance minister will present the budget in parliament today, with a focus on balancing fiscal consolidation and growth-oriented spending.
Note: All figures are provisional and subject to parliamentary approval.
