The federal government will present its budget for the next fiscal year on Friday. The proposed federal budget is expected to total around Rs 17.5 trillion.
Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry confirmed the schedule on Thursday. He said the National Assembly would receive the budget at 3 pm.
Later, the Senate will discuss the budget during a separate session at 5 pm. The government says it prepared the budget according to current economic conditions.
Tariq Fazal said authorities would provide maximum possible relief to the public. He also confirmed full participation from ruling coalition lawmakers.
Debt and Defence Dominate Spending
According to preliminary estimates, debt servicing will remain the largest expenditure item. The government may allocate around Rs 7.8 trillion for interest payments.
Meanwhile, defence spending could range between Rs 2.9 trillion and Rs 3 trillion. Authorities are also considering Rs 1.1 trillion for subsidies.
The proposed Public Sector Development Programme may receive Rs 1 trillion. Pension expenditures are expected to reach approximately Rs 1.1 trillion.
Additionally, nearly Rs 900 billion could support government operations and administrative expenses. More than Rs 8 trillion may transfer to provinces under NFC arrangements.
The government is also likely to allocate over Rs 350 billion for emergency expenditures. These funds will address unforeseen financial requirements during the fiscal year.
Revenue Targets and Fiscal Outlook
On the revenue side, the Federal Board of Revenue may receive a target exceeding Rs 15 trillion. Direct taxes are expected to contribute more than Rs 7.4 trillion.
Sales tax collections could surpass Rs 4.7 trillion. Customs duties may generate around Rs 1.65 trillion, while excise duties could exceed Rs 1 trillion.
Non-tax revenue is projected above Rs 5 trillion. Meanwhile, the federation’s net income may exceed Rs 11 trillion.
Budget estimates suggest an overall deficit of around Rs 3 trillion. However, the federal deficit could exceed Rs 5.5 trillion after adjustments.
The budget will outline revenue measures, development priorities and spending plans. It will also support economic stability and ongoing reform commitments.
