Federal Budget: FY 2018 - 2027
Yearly Budget Volume
Values in billion PKR
-
2018-19
5,246Govt. Party PML-N
-
2019-20
7,022Govt. Party PTI
-
2020-21
7,137Govt. Party PTI
-
2021-22
8,487Govt. Party PTI
-
2022-23
9,579Govt. Party PML-N
-
2023-24
14,484Govt. Party PML-N
-
2024-25
18,877Govt. Party PML-N
-
2025-26
17,573Govt. Party PML-N
-
2026-27
17,100Govt. Party PML-N
Budget Allocation by Categories
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Date | |||||||||
| Finance Minister | Miftah Ismail | Hammad Azhar | Hammad Azhar | Shaukat Tarin | Miftah Ismail | Ishaq Dar | Muhammad Aurangzeb | Muhammad Aurangzeb | Muhammad Aurangzeb |
| Budget Total Volume (Billions) | 5,246 | 7,022 | 7,137 | 8,487 | 9,579 | 14,484 | 18,877 | 17,573 | 00,000 |
| Increase In Comparison To Last Year | 10% | 34% | 2% | 19% | 13% | 51% | 30% | -7% | -00% |
| Interest Payment (Billions) | 1,620 | 2,891 | 2,946 | 3,060 | 3,950 | 7,303 | 9,775 | 8,207 | 0,000 |
| Increase In Comparison To Last Year | 19% | 78% | 2% | 4% | 29% | 85% | 34% | -16% | -00% |
| Defence Allocation (Billions) | 1,100 | 1,153 | 1,289 | 1,370 | 1,563 | 1,804 | 2,122 | 2,550 | 0,000 |
| Increase In Comparison To Last Year | 20% | 5% | 12% | 6% | 14% | 15% | 18% | 20% | 00% |
| Pension Allocation (Billions) | 342 | 421 | 470 | 480 | 609 | 801 | 1,014 | 1,055 | 0,000 |
| Increase In Comparison To Last Year | 38% | 23% | 12% | 2% | 27% | 32% | 27% | 4% | 0% |
| Federal Development Program (Billions) | 800 | 701 | 650 | 900 | 727 | 950 | 1,400 | 1,000 | 0,000 |
| Increase In Comparison To Last Year | -20% | -12% | -7% | 38% | -19% | 31% | 47% | -29% | -00% |
| Other Development Expenses and Net Lending (Billions) | 268 | 128 | 142 | 64 | 144 | 190 | 274 | 287 | 000 |
| Increase In Comparison To Last Year | -3% | -52% | 11% | -55% | 125% | 32% | 44% | 5% | 0% |
| Civil Government Expenditure (Billions) | 463 | 431 | 477 | 479 | 553 | 714 | 839 | 971 | 000 |
| Increase In Comparison To Last Year | 23% | -7% | 11% | 0% | 15% | 29% | 18% | 16% | 00% |
| Exigency Allocation (Billions) | 0 | 194 | 50 | 285 | 195 | 250 | 313 | 389 | 000 |
| Increase In Comparison To Last Year | - | - | -74% | 470% | -32% | 28% | 25% | 24% | 00% |
| Subsidy (Billions) | 175 | 272 | 209 | 682 | 664 | 1,064 | 1,363 | 1,186 | 0,000 |
| Increase In Comparison To Last Year | 26% | 56% | -23% | 226% | -3% | 60% | 28% | -13% | -00% |
| Provincial Grants and Transfer (Billions) | 478 | 831 | 905 | 1,168 | 1,174 | 1,408 | 1,777 | 1,928 | 0,000 |
| Increase In Comparison To Last Year | 11% | 74% | 9% | 29% | 1% | 20% | 26% | 8% | 0% |
Proportion of Total Budget by Category
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Interest Payment (Billions) | 1,620 | 2,891 | 2,946 | 3,060 | 3,950 | 7,303 | 9,775 | 8,207 | 0,000 |
| Total Expense Percentage | 31% | 41% | 41% | 36% | 41% | 50% | 52% | 47% | 0% |
| Defence Allocation (Billions) | 1,100 | 1,153 | 1,289 | 1,370 | 1,563 | 1,804 | 2,122 | 2,550 | 0,000 |
| Total Expense Percentage | 21% | 16% | 18% | 16% | 16% | 12% | 11% | 15% | 0% |
| Pension Allocation (Billions) | 342 | 421 | 470 | 480 | 609 | 801 | 1,014 | 1,055 | 0,000 |
| Total Expense Percentage | 7% | 6% | 7% | 6% | 6% | 6% | 5% | 6% | 0% |
| Federal Development Program (Billions) | 800 | 701 | 650 | 900 | 727 | 950 | 1,400 | 1,000 | 0,000 |
| Total Expense Percentage | 15% | 10% | 9% | 11% | 8% | 7% | 7% | 6% | 0% |
| Other Development Expenses and Net Lending (Billions) | 268 | 128 | 142 | 64 | 144 | 190 | 274 | 287 | 0,000 |
| Total Expense Percentage | 5% | 2% | 2% | 1% | 2% | 1% | 1% | 2% | 0% |
| Civil Government Expenditure (Billions) | 463 | 431 | 477 | 479 | 553 | 714 | 839 | 971 | 0,000 |
| Total Expense Percentage | 9% | 6% | 7% | 6% | 6% | 5% | 4% | 6% | 0% |
| Exigency Allocation (Billions) | 0 | 194 | 50 | 285 | 195 | 250 | 313 | 389 | 0,000 |
| Total Expense Percentage | 0% | 3% | 1% | 3% | 2% | 2% | 2% | 2% | 0% |
| Subsidy (Billions) | 175 | 272 | 209 | 682 | 664 | 1,064 | 1,363 | 1,186 | 0,000 |
| Total Expense Percentage | 3% | 4% | 3% | 8% | 7% | 7% | 7% | 7% | 0% |
| Provincial Grants and Transfer (Billions) | 478 | 831 | 905 | 1,168 | 1,174 | 1,408 | 1,777 | 1,928 | 0,000 |
| Total Expense Percentage | 9% | 12% | 13% | 14% | 12% | 10% | 9% | 11% | 0% |
| Budget Total Volume (Billions) | 5,246 | 7,022 | 7,138 | 8,488 | 9,579 | 14,484 | 18,877 | 17,573 | 0,000 |
Sources of Income by Category
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Receipts (Billions) | 3,356 | 3,885 | 3,942 | 5,067 | 5,032 | 6,979 | 10,377 | 11,072 | 0,000 |
| Increase In Comparison To Last Year | 3% | 16% | 1% | 29% | -1% | 39% | 49% | 7% | -00% |
| Non-Bank Loans (Billions) | 533 | 819 | 1,395 | 1,241 | 1,996 | 1,906 | 2,662 | 2,874 | 0,000 |
| Increase In Comparison To Last Year | 1% | 54% | -11% | 70% | 61% | -5% | 40% | 8% | -00% |
| External Receivables (Billions) | 342 | 1,829 | 810 | 1,246 | 1,611 | 2,724 | 666 | 106 | 0,000 |
| Increase In Comparison To Last Year | -33% | 435% | -56% | 54% | 29% | 69% | -76% | -84% | -00% |
| Bank Loans (Billions) | 1,015 | 339 | 889 | 681 | 843 | 2,860 | 5,142 | 3,435 | 0,000 |
| Increase In Comparison To Last Year | 160% | -67% | 162% | -23% | 24% | 239% | 80% | -33% | -00% |
| Earning Through Privatization (Billions) | 0 | 150 | 100 | 252 | 96 | 15 | 30 | 87 | 0,000 |
| Increase In Comparison To Last Year | -100% | - | -33% | 152% | -62% | -84% | 100% | 190% | -00% |
| Budget Total Volume (Billions) | 5,246 | 7,022 | 7,136 | 8,487 | 9,578 | 14,484 | 18,877 | 17,574 | 0,000 |
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Receipts (Billions) | 3,356 | 3,885 | 3,942 | 5,067 | 5,032 | 6,979 | 10,377 | 11,072 | 00,000 |
| Total Expense Percentage | 64% | 55% | 55% | 60% | 53% | 48% | 55% | 63% | 0% |
| Non-Bank Loans (Billions) | 533 | 819 | 1,395 | 1,241 | 1,996 | 1,906 | 2,662 | 2,874 | 0,000 |
| Total Expense Percentage | 10% | 12% | 20% | 15% | 21% | 13% | 14% | 16% | 0% |
| External Receivables (Billions) | 342 | 1,829 | 810 | 1,246 | 1,611 | 2,724 | 666 | 106 | 0,000 |
| Total Expense Percentage | 7% | 26% | 11% | 15% | 17% | 19% | 4% | 1% | 0% |
| Bank Loans (Billions) | 1,015 | 339 | 889 | 681 | 843 | 2,860 | 5,142 | 3,435 | 0,000 |
| Total Expense Percentage | 19% | 5% | 12% | 8% | 9% | 20% | 27% | 20% | 0% |
| Earning Through Privatization (Billions) | 0 | 150 | 100 | 252 | 96 | 15 | 30 | 87 | 0,000 |
| Total Expense Percentage | 0% | 2% | 1% | 3% | 1% | 0% | 0% | 0% | 0% |
| Budget Total Volume (Billions) | 5,246 | 7,022 | 7,136 | 8,487 | 9,578 | 14,484 | 18,877 | 17,574 | 0,000 |
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Energy Sector (Billions) | 149 | 251 | 140 | 596 | 535 | 894 | 1,190 | 971 | 0 |
| Total Subsidy Percentage | 86% | 92% | 67% | 87% | 81% | 84% | 87% | 81.87% | 0% |
| Petroleum Products (Billions) | 0 | 0 | 10 | 20 | 71 | 51 | 18 | 1.2 | 0 |
| Total Subsidy Percentage | 0% | 0% | 5% | 3% | 11% | 5% | 1% | 0.1% | 0 |
| Food Allocation (Billions) | 19 | 16 | 7 | 7 | 7 | 10 | 12 | 20 | 0 |
| Total Subsidy Percentage | 11% | 6% | 3% | 1% | 1% | 1% | 1% | 1.69% | 0 |
| Industrial Allocation (Billions) | 6 | 6 | 3 | 6 | 17 | 35 | 68 | 104.7 | 0 |
| Total Subsidy Percentage | 3% | 2% | 1% | 1% | 3% | 3% | 5% | 8.83% | 0 |
| Miscellaneous (Billions) | 0 | 0 | 49 | 53 | 34 | 74 | 75 | 89.136 | 0 |
| Total Subsidy Percentage | 0% | 0% | 23% | 8% | 5% | 7% | 6% | 7.52% | 0 |
| Total Subsidy (Billions) | 175 | 272 | 209 | 682 | 664 | 1,064 | 1,363 | 1186.36 | 0 |
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Income Tax (Billions) | 1,709 | 2,073 | 2,037 | 2,172 | 3,024 | 4,204 | 5,454 | ||
| Total Tax Percentage | 41% | 40% | 44% | 40% | 43% | 45% | 45% | ||
| Capital Value Tax (Billions) | 6 | 4 | 3 | 1 | 1 | 1 | 2 | ||
| Total Tax Percentage | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||
| Provident/Welfare Fund (Billions) | 18 | 5 | 3 | 10 | 14 | 51 | 43 | ||
| Total Tax Percentage | 0% | 0% | 0% | 0% | 0% | 1% | 0% | ||
| Customs Duties (Billions) | 735 | 1,000 | 640 | 785 | 953 | 1,211 | 1,591 | ||
| Total Tax Percentage | 18% | 19% | 14% | 14% | 13% | 13% | 13% | ||
| Sales Tax (Billions) | 1,700 | 2,107 | 1,919 | 2,506 | 3,076 | 3,411 | 4,919 | ||
| Total Tax Percentage | 41% | 41% | 42% | 46% | 44% | 36% | 41% | ||
| Federal Excise Tax (Billions) | 265 | 364 | 361 | 356 | 402 | 538 | 948 | ||
| Total Tax Percentage | 6% | 7% | 8% | 7% | 6% | 6% | 8% | ||
| Total Tax | 4,169 | 5,189 | 4,602 | 5,473 | 7,068 | 9,415 | 12,008 |
| Year | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|---|---|---|---|
| Health Budget (Billions) | 13 | 14 | 25 | 28 | 20 | 24 | 28 | ||
| Increase In Comparison To Last Year | 8% | 8% | 79% | 12% | -29% | 20% | 17% | ||
| Education Budget (Billions) | 91 | 97 | 83 | 92 | 91 | 97 | 103 | ||
| Increase In Comparison To Last Year | 7% | 7% | -14% | 11% | -1% | 7% | 6% | ||
| Budget Deficit (Billions) | 2,175 | 3,560 | 3,437 | 3,990 | 4,547 | 7,505 | 8,500 | ||
| Increase In Comparison To Last Year | 19% | 64% | -3% | 16% | 14% | 65% | 13% |
Budget Data Visualization
Public Debt Party wise
Public Debt by Government Era
USD to PKR Exchange Rate by Government Era
Per Capita Education Spending in Region
Per Capita Health Spending in Region
Per Unit Electricity Price Since FY 1991
IPPS Agreements (1994-2023)
