Pakistan fiscal surplus falls 40pc to 0.9% of GDP in Q1 FY27
Pakistan's fiscal surplus fell to about Rs1.27 trillion in the first quarter, even as petroleum levy collections reached Rs381.8 billion and total spending rose 15%.
The fiscal surplus fell 40% year-on-year to about Rs1.27 trillion, or 0.9% of GDP, in the first quarter of FY27.
Total spending rose 15% to Rs4.730 trillion, including Rs1.700 trillion in interest payments.
FBR tax collection rose 7% to Rs3.086 trillion; non-tax receipts made up about 44% of total revenue.
Provincial governments recorded a combined surplus of Rs599.8 billion, while Balochistan posted a Rs16.2 billion deficit.
The IMF has projected a negative 3.5% (excluding grants) under the USD 7 billion Extended Fund Facility programme.