Pakistan’s federal budget outlay for fiscal year 2026-27 is expected to stand at Rs. 17.1 trillion, which is significantly lower than the two years before, according to estimates by Topline Securities.
The projected budget size for FY27 would be smaller than the revised outlay of Rs. 17.573 trillion for FY26 and significantly below the record Rs. 18.877 trillion budget announced for FY25.
The expected decline in overall expenditure reflects the government’s ongoing efforts to improve fiscal discipline, reduce budgetary pressures, and meet key economic reform objectives. Budget spending has gradually moderated after reaching its peak in FY25, indicating a continued emphasis on prudent financial management.
Data compiled by Topline Research shows that the federal budget outlay increased from Rs. 5.246 trillion in FY19 to Rs. 18.877 trillion in FY25 before declining to Rs. 17.573 trillion in FY26. The projected FY27 budget of Rs. 17.1 trillion would represent another year of restrained spending.
The upcoming budget is likely to prioritize fiscal stability while balancing growth requirements, revenue targets, and commitments under ongoing economic reform programs.
