Relief-Oriented Budget |
June is the last month of an outgoing financial year, while the new financial year begins on the first day of July. As such, it is mandatory for the federal government to present the budget for the next fiscal year in the National Assembly for discussion and approval before midnight on June 30.
Resource mobilisation is essential to meet recurring as well as development expenditure. At the federal level, resources are generated through a well-coordinated and concerted effort by revenue-collecting agencies and administrative units. All revenues collected by the agencies and administrative divisions of the federal government, all loans raised, and all money received as repayments of loans form part of the Federal Consolidated Fund.
Accordingly, the largest coalition federal government, headed by Prime Minister Muhammad Shehbaz Sharif, presented its third budget in the National Assembly on June 12, 2026. Initially, the new federal budget was to be presented on June 10, but it was delayed by two days to allay the apprehensions and reservations of some coalition partners and ensure their support for the passage of this nationally important document, full of figures. Once the federal budget was presented, it was followed by the presentation of the provincial budgets of Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan in their respective legislatures.
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