- FinMin Muhammad Aurangzeb presents budget for NA.
- The announcement comes after the PPP’s assurance to support the budget.
- PPP, PML-N reached broad agreement on most proposals: sources.
ISLAMABAD: The federal budget for the financial year 2026-27 is likely to be presented in the National Assembly on June 12, Minister for Parliamentary Affairs Tariq Fazal Chaudhry said on Tuesday.
He said that Finance Minister Muhammad Aurangzeb will present the federal budget for the coming financial year to the lower house of parliament.
The announcement marks a further adjustment of the budget plan. The federal government had earlier decided to present the budget on June 10 after postponing it from June 5 amid consultations with coalition partners and discussions on proposed budget measures.
In connection with X Tuesday, the Minister said that a summary has been sent to convene meetings of both the National Assembly and the Senate.
He said that the National Assembly session has been proposed for June 10 at 5 p.m., while a separate summary has been sent to convene the senate meeting on the same day at 4 p.m.
The minister added that the federal budget for the financial year 2026-27 is likely to be presented on June 12.
Meanwhile, the National Economic Council (NEC) meeting scheduled for June 8 was postponed for the third time at the last minute amid ongoing talks to approve the national development expenditure and macroeconomic framework for the next budget.
An updated official schedule for the release of the Pakistan Economic Survey as well as the Federal Budget has yet to be issued.
The development comes a day after the Pakistan Peoples Party (PPP), a key ally at the Centre, assured the Pakistan Muslim League-Nawaz (PML-N)-led government of its support for the passage of the federal budget, sources said. Pakinomist news.
The assurance was given during a high-level consultative meeting between a PPP delegation led by President Asif Ali Zardari and Prime Minister Shehbaz Sharif at Aiwan-e-Sadr in Islamabad.
According to sources, the two sides reached broad agreement on most budget proposals, while technical committees will continue consultations on a few remaining issues to finalize the fiscal framework.
During the meeting, President Zardari stressed the need to prioritize public welfare, provincial rights and economic stability in the upcoming budget, according to a statement issued by the Presidential House Secretariat.
He also directed that economic growth measures be aligned with public welfare initiatives.
Parliamentary sources had previously told that Pakinomist news that the delay in the presentation of the budget was due to the coalition partners’ objections to certain proposed measures, which caused the government to continue the hearings before the budget was finalised.
Last week, Finance Minister Aurangzeb said the government was working to build consensus among coalition partners and described the discussions as positive.
He added that the budget was prepared in coordination with the International Monetary Fund (IMF), allied parties and other stakeholders with a focus on improving tax administration through enforcement measures and broadening the tax base.
The finance minister also said the government was striving to avoid imposing new taxes while balancing fiscal consolidation, political consensus and economic stability.
According to constitutional requirements, the budget must be passed by June 30 to take legal effect from July 1 throughout the country.
The federal government has proposed a development budget of more than Rs1.1 trillion for the upcoming fiscal year 2026-27, according to budget documents detailing the sectoral breakdown of development spending.
