ISLAMABAD: Pakistan’s federal budget for fiscal year 2026-27 is unlikely to be presented on June 5, as previously expected, because some fiscal measures are still being discussed with the International Monetary Fund.
According to Reuters, a government source and local media reported on Wednesday that the budget may now be presented on June 10. The source said the delay is mainly linked to unresolved matters with the IMF over fiscal space, including funds that provinces may need to give up for federal spending.
The government has not officially announced a reason for the possible delay. Pakistan’s finance ministry did not immediately respond to Reuters’ request for comment.
Despite the expected delay in the budget presentation, the parliamentary session scheduled for June 5 is still expected to take place. The session may allow the government and opposition to discuss budget-related issues before the formal presentation.
Pakistan is currently under a $7 billion IMF bailout program, which has helped stabilize the economy after a difficult financial period. Any delay in finalizing the budget reflects the importance of IMF approval in shaping Pakistan’s spending and revenue plans.
The upcoming budget is being closely watched by businesses, investors, and the public, as the government is expected to balance demands for economic relief with the need to meet revenue targets. Key sectors, including real estate and construction, are hoping for tax relief, but final decisions may depend on the outcome of continuing talks with the IMF.
The budget delay adds uncertainty at a time when Pakistan is trying to maintain economic recovery while managing pressure on public finances.
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