ISLAMABAD (Kashmir English): Finance Minister Muhammad Aurangzeb will present the federal budget for the fiscal year 2026–27 in the National Assembly today, Friday, June 12, 2026.
The separate sessions have been summoned with the Senate meeting at 4:00 PM and the National Assembly convening at 5:00 PM.
The budget was initially scheduled to be presented in the parliament on June 10 but it was delayed due to required consultations and consensus-building between the ruling coalition partners.
Total size of consolidated national budget
The total size of the consolidated national budget is estimated to be over Rs17.1 trillion to Rs17.5 trillion ($61.5 billion).
The government is targeting a 4% to 4.1% real GDP growth rate while the policymakers aim to curb and maintain a single-digit average inflation target of 8.2% to 8.4%.
The tax collection target for the Federal Board of Revenue is projected at an ambitious Rs15.267 trillion.
Heavy chunks are earmarked for debt servicing (Rs7.824 trillion) and defence spending (Rs2.665 trillion) while the National Economic Council (NEC) has approved a Rs3,669 billion national development budget, including Rs1,000 billion for the federal Public Sector Development Programme (PSDP).
A 7% to 10% increase in salaries and pensions is under consideration for public sector employees to offset inflation pressures.
According to experts, registered businesses and the salaried class are likely to bear the core brunt of revenue-raising targets, as sectors like real estate, retail, and agriculture remain difficult to bring into the tax net.
