PakFiscalPakistan Public Finance & Fiscal IntelligenceExplorer
Federal

Federal finances, FY2026–27

Pakistan’s Federal plan read at its published statement scope: what is collected, what is already committed, and what reaches the provinces.

Total expenditurePKR 18.8tnAnnual Budget Statement control
Net revenue receiptsPKR 11.8tn63% of total expenditure
Interest paymentsPKR 8.1tn43% of total expenditure
Federal PSDPPKR 1.0tnDevelopment programme

Expenditure

Composition of total expenditure

  • Interest paymentsPKR 8.1tn42.9%
  • Other current expenditurePKR 9.4tn50.3%
  • Federal PSDPPKR 1.0tn5.3%
  • Net lendingPKR 276bn1.5%
Federal Annual Budget Statement 2026–27, Table 1 · reviewed figures. Current expenditure plus development and net lending sum to the published total.
Published controls
Total expenditurePKR 18.8tn
Current expenditurePKR 17.5tn
— Interest paymentsPKR 8.1tn
Development & net lendingPKR 1.3tn
— Federal PSDPPKR 1.0tn
— Net lendingPKR 276bn

Resources

Gross revenue receipts by source

  • Tax receipts74% of gross revenuePKR 15.3tn
  • Non-tax receipts26% of gross revenuePKR 5.3tn
Federal Annual Budget Statement 2026–27, Table 1 · reviewed figures.
  • Tax receipts are budgeted at PKR 15.3tn and non-tax receipts at PKR 5.3tn, giving gross revenue receipts of PKR 20.6tn.
  • The provincial share in Federal taxes is budgeted at PKR 8.8tn, or 58% of tax receipts. It is not available for Federal spending.
  • After the provincial share, net revenue receipts are PKR 11.8tn, equal to 63% of total expenditure.
Published resource framework
Net revenue receiptsPKR 11.8tn
Non-bank borrowing — public accountPKR 2.0tn
Net external receiptsPKR 813bn
Bank borrowingPKR 4.0tn
Privatisation proceedsPKR 161bn
Total resourcesPKR 18.8tn

Interest payments

Interest payments against the Federal PSDP

  • Interest payments43% of total expenditurePKR 8.1tn
  • Federal PSDP5% of total expenditurePKR 1.0tn
Federal Annual Budget Statement 2026–27, Table 1 · reviewed figures, scaled against the larger control.
  • Interest payments are about 8.1 times the Federal PSDP allocation.
  • Debt service is interest and related charges, not principal repayment. Principal is recorded in the statement’s wider cash-flow tables as a financing flow rather than headline expenditure.
  • The pace of borrowing, interest rates and the exchange rate sit largely outside the annual budget, which is why the pressure carries into later years.

Transfers

Federal–provincial transfer controls
ControlAmount
Provincial share in Federal taxesFederal Annual Budget Statement, Table 1PKR 8.8tn
Sum of published provincial controlsFour provincial statementsPKR 8.9tn
PunjabFederal transfersPKR 4.4tn
SindhFederal transfersPKR 2.3tn
Khyber PakhtunkhwaFederal divisible-pool transfersPKR 1.4tn
BalochistanFederal receiptsPKR 834bn
  • The two aggregate controls differ by PKR 64bn, or 0.7% of the Federal control.
  • Federal and provincial statements can draw their boundaries around grants, straight transfers, development support and timing differently, so a small difference is expected rather than an error.
  • Reallocating the Federal total across provinces to force a match would replace published evidence with an estimate, so both controls remain visible.

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