Islamabad: The government of Pakistan has presented a federal budget of Rs 17,600 billion in the National Assembly for the financial year 2025-26. This budget is notable in many respects, including economic stability, acceleration of development activities, and efforts to provide relief to employees. The government claims that this budget will provide a roadmap for the revival of the economy and will eliminate poverty as well as create employment opportunities.
According to the budget document, Rs 1,000 billion will be spent on federal development projects, including power, water resources, education, health, and communication projects. The National Highway Authority has been allocated Rs 226 billion, the Power Division Rs 90 billion, and the Higher Education Commission has been allocated more than Rs 39 billion.
Military spending is expected to increase, which could take the defense budget to Rs 2,500 billion. In addition, Rs 8700 billion has been set aside for interest payments, while Rs 1186 billion has been set aside for subsidies.
The good news for government employees is that a 5 to 10 percent increase in their salaries and a 5 percent increase in pension have been proposed, while a 30 percent disparity allowance has also been included for employees in grades 1 to 16.
The government has also prepared to tighten the noose around non-filers. It is proposed to impose strict restrictions on them in bank transactions, investments and buying and selling of property.
The FBR’s revenue target has been set at Rs 14,300 billion, while the total income is expected to be up to Rs 19,300 billion. The export target has been set at $ 35.3 billion and the remittance target at $ 39.4 billion.
This budget can prove to be an important milestone in the country’s development, provided that it is implemented effectively and transparency is ensured.
