ISLAMABAD: Official documents for Budget 2025-26 have been published, and the total volume of the budget of the next fiscal year has been fixed at Rs17,553 billion, while non-tax revenue will be Rs2,147 billion.
The Federal Board of Revenue (FBR) has been assigned a tax collection target of Rs14,131 billion. Out of this, Rs6,902 billion is expected from direct taxes, including Rs6,811 billion specifically from income tax.
The target for indirect taxes is Rs7,229 billion, which includes Rs1,588 billion from customs duty, Rs4,753 billion from sales tax, and Rs888 billion from federal excise duty.
The budget
papers present important numbers for revenue collection and government expenditure during the financial year 2025-26.Additionally, the estimated petroleum levy is Rs1,468 billion, while Rs50 billion is expected to be generated through the Natural Gas Development Surcharge, as per the documents. According to the budget papers, the figure of Rs2.4 billion is the target for collection under the Gas Infrastructure Development Cess, and the petroleum levy on LPG is to be collected for Rs5 billion. During the next fiscal year, Rs8,207 billion will be used in repaying loans and paying interest, and Rs1,055 billion has been set aside for pensions of retired government employees. As per the budget documents, Rs971 billion will be the non-development budget for federal ministries and departments.
