Summary Pakistan collected over Rs1.478 trillion through petroleum and climate levies, helping keep the federal budget deficit at 2.6% of GDP during the first 11 months of FY2025-26.
ISLAMABAD (Web Desk) – Revenue generated through petroleum and climate levies helped the government keep the federal budget deficit under control during the first 11 months of fiscal year 2025-26, according to official financial data.
The government collected more than Rs1.478 trillion through petroleum and climate levies, helping limit the federal budget deficit to Rs3.34 trillion, or 2.6% of gross domestic product (GDP), during the July-May period of FY2025-26.
Under the agreement with the International Monetary Fund (IMF), the provinces posted a combined budget surplus of Rs1.31 trillion during the first 11 months of the fiscal year, reducing the overall fiscal deficit to Rs2.03 trillion, equivalent to 1.6% of GDP.
For the full fiscal year, the government had set a target of keeping the overall fiscal deficit at 3% of GDP, or Rs3.77 trillion, revised from the initial target of 3.9% of GDP, or Rs5.03 trillion.
The Ministry of Finance has yet to release reconciled fiscal operations data for the financial year ending June 30, 2026, with final figures expected to be compiled in the coming weeks.
Official figures for the first 11 months showed the government received Rs4.82 trillion from three major non-tax revenue sources, including State Bank of Pakistan profits, petroleum levy and climate support levy, against a full-year target of Rs5.14 trillion.
During the period, the government received Rs2.428 trillion in State Bank profits, Rs1.432 trillion through petroleum levy and Rs45.97 billion under the climate support levy.
Meanwhile, Federal Board of Revenue (FBR) tax collections stood at Rs11.228 trillion, debt servicing reached Rs6.163 trillion, while authorities claimed that all Public Sector Development Programme (PSDP) funds had been fully utilised.
