ISLAMABAD — Minister of State for Finance and Railways Bilal Azhar Kiyani announced the federal budget for the fiscal year 2026-27 this Wednesday. The new budget is designed to provide relief and boost public welfare, impacting various sectors and demographics positively.
Main Targets of the Budget
The budget specifically aims to support:
- Working-class individuals
- Industry and exporters
- The construction sector
- Women and youth
- Low-income segments
A primary goal is to broaden the tax base to sustain economic growth effectively.
Driving Economic Growth and Expanding Taxes
Kiyani emphasized the government’s dedication to measures that encourage industrial growth and empower various sectors. By expanding the tax base, the government seeks to increase revenue generation without imposing additional burdens on current taxpayers. This strategy aims to nurture a more inclusive economic landscape.
Promoting Economic Resilience
The budget presentation lays out a strategic plan to bolster economic resilience. It focuses on critical sectors like construction and exports, which are essential for national development. Supporting diverse groups underscores the government’s commitment to equitable growth and social welfare.
