Federal Budget 2026-27
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All Questions for: Federal Budget 2026-27
Question 1: Who presented Pakistan's Federal Budget for FY 2026-27?
- A Muhammad Aurangzeb
- B Ishaq Dar
- C Shaukat Tarin
- D Hammad Azhar
Explanation: Federal Minister for Finance and Revenue Muhammad Aurangzeb presented the budget in the National Assembly on June 12, 2026.
Question 2: What was the total outlay of Pakistan's Federal Budget 2026-27?
- A Rs18.771 trillion
- B Rs14.5 trillion
- C Rs22 trillion
- D Rs17.57 trillion
Explanation: The budget had a total outlay of Rs18.771 trillion, up about 7 percent from the Rs17.57 trillion budgeted for FY26.
Question 3: What GDP growth target was set in Budget 2026-27?
- A 4 percent
- B 6 percent
- C 3.5 percent
- D 5 percent
Explanation: The budget set an economic growth target of 4 percent for FY 2026-27.
Question 4: What inflation rate was expected in Budget 2026-27?
- A 8.2 percent
- B 5 percent
- C 12 percent
- D 4.5 percent
Explanation: Inflation was expected at 8.2 percent for the fiscal year.
Question 5: How much was allocated for defence affairs and services in Budget 2026-27?
- A Rs3,000 billion
- B Rs2,000 billion
- C Rs4,500 billion
- D Rs1,500 billion
Explanation: The budget allocated Rs3,000 billion (Rs3 trillion) for defence, an increase of about 15.6 to 18 percent from the revised FY26 allocation.
Question 6: How much was allocated for the Federal Public Sector Development Programme (PSDP) in Budget 2026-27?
- A Rs1,000 billion
- B Rs500 billion
- C Rs2,000 billion
- D Rs750 billion
Explanation: The federal PSDP was allocated Rs1 trillion (Rs1,000 billion).
Question 7: What was the FBR tax collection target in Budget 2026-27?
- A Rs15,264 billion
- B Rs12,000 billion
- C Rs18,000 billion
- D Rs10,000 billion
Explanation: Tax revenue (FBR) was targeted at Rs15,264 billion.
Question 8: How much non-tax revenue was projected in Budget 2026-27?
- A Rs5,336 billion
- B Rs3,000 billion
- C Rs7,000 billion
- D Rs4,000 billion
Explanation: Non-tax revenue was projected at Rs5,336 billion.
Question 9: What was the fiscal deficit target in Budget 2026-27?
- A Rs7.02 trillion
- B Rs5 trillion
- C Rs10 trillion
- D Rs3 trillion
Explanation: A fiscal deficit of Rs7.02 trillion was targeted in the budget.
Question 10: How much was set aside for markup (interest) payments in Budget 2026-27?
- A Rs8,045 billion
- B Rs5,000 billion
- C Rs10,000 billion
- D Rs6,500 billion
Explanation: Rs8,045 billion was set aside for markup payments, according to the finance minister's budget speech.
Question 11: What was the pension allocation in Budget 2026-27?
- A Rs1.16 trillion
- B Rs500 billion
- C Rs2 trillion
- D Rs800 billion
Explanation: Pension expenditures were set at approximately Rs1.16 trillion to Rs1.2 trillion.
Question 12: How much was allocated for subsidies in Budget 2026-27?
- A Rs1.091 trillion
- B Rs500 billion
- C Rs2 trillion
- D Rs750 billion
Explanation: Subsidies were allocated Rs1.091 trillion.
Question 13: Which tax was abolished in Budget 2026-27?
- A Export development surcharge
- B Sales tax
- C Income tax
- D Customs duty
Explanation: An export development surcharge of 0.25 percent on export income was abolished.
Question 14: How much was allocated for Benazir Income Support Programme (BISP) in Budget 2026-27?
- A Rs838 billion
- B Rs500 billion
- C Rs1,200 billion
- D Rs600 billion
Explanation: Rs838 billion was allocated for the Benazir Income Support Programme.
Question 15: The FY 2026-27 budget was the ruling coalition's how-many-th budget in 27 months?
- A Third
- B Second
- C Fourth
- D First
Explanation: It was the ruling coalition's third budget in 27 months.
Question 16: What GDP growth was recorded in the outgoing fiscal year (FY 2025-26) before Budget 2026-27?
- A 3.7 percent
- B 5 percent
- C 2.5 percent
- D 6 percent
Explanation: GDP growth of 3.7 percent was recorded in the outgoing fiscal year, with the economy expanding to $452 billion.
Question 17: What was the policy rate reduced to before Budget 2026-27, down from 22 percent?
- A 11.5 percent
- B 15 percent
- C 8 percent
- D 13 percent
Explanation: The policy rate had been reduced from 22 percent to 11.5 percent.
Question 18: What was the tax-to-GDP ratio improved to before Budget 2026-27?
- A 10.3 percent
- B 12 percent
- C 8.5 percent
- D 15 percent
Explanation: The tax-to-GDP ratio improved from 8.5 percent to 10.3 percent.
Question 19: What was the average inflation recorded before Budget 2026-27, compared to 23.4 percent a year earlier?
- A 4.5 percent
- B 10 percent
- C 7 percent
- D 2 percent
Explanation: Inflation averaged 4.5 percent compared to 23.4 percent a year earlier.
Question 20: Workers' remittances reached how much during the first 11 months of FY 2025-26?
- A $38 billion
- B $25 billion
- C $50 billion
- D $30 billion
Explanation: Workers' remittances reached $38 billion during the first 11 months, expected to rise to $41 billion by year-end.
Question 21: What was the per-capita income rise reported before Budget 2026-27?
- A $1,901
- B $2,500
- C $1,500
- D $2,000
Explanation: Per-capita income rose to $1,901 from $1,751.
Question 22: What was the name of the military operation cited in the budget speech as a landmark success?
- A Operation Bunyan-ul-Marsoos
- B Operation Ghazab lil-Haq
- C Operation Zarb-e-Azb
- D Operation Radd-ul-Fasaad
Explanation: The finance minister termed the success of Operation Bunyan-ul-Marsoos a landmark in national history.
Question 23: With which country did Pakistan sign a Strategic Mutual Defence Agreement, as mentioned in the budget speech?
- A Saudi Arabia
- B China
- C Turkey
- D UAE
Explanation: The finance minister mentioned the signing of a Strategic Mutual Defence Agreement with Saudi Arabia.
Question 24: What was the size of Pakistan's economy reported before Budget 2026-27?
- A $452 billion
- B $350 billion
- C $500 billion
- D $400 billion
Explanation: The economy was reported to have expanded to $452 billion.
Question 25: Large-Scale Manufacturing (LSM) grew by what percentage in the outgoing fiscal year before Budget 2026-27?
- A 6.1 percent
- B 3 percent
- C 8 percent
- D 4.5 percent
Explanation: Large-scale manufacturing grew by 6.1 percent, while the services sector grew by 4.1 percent.