π΅π°Federal Budget FY27 β Initial Impression
β’ Budget deficit targeted at 3.6% of GDP, with a primary surplus of 2.0% of GDP (vs. 2.5% in FY26).
β’ FBR tax collection target set at PkR15.3tn ( 17.6%YoY), with non-tax revenue at PkR5.3tn. Moreover, gross federal revenue set at PkR20.6tn. Provincial (NFC) share at PkR8.8tn, leaving net federal revenue at PkR11.8tn.
β’ Total federal expenditure set at PkR18.8tn, with interest payments amounting to PkR8.1tn (43% of outlay).
β’ Federal PSDP held at PkR1.0tn; with provincial PSDP (PkR2.2tn) and SOEs (PkR0.45tn), cumulative national development outlay reaches PkR3.7tn.
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