{
  "id": 19813715,
  "title": "Govt Celebrates 3rd Straight Budget Surplus Despite 40% Decline in Q1 FY27",
  "url": "https://urgent.news/2026/11/13/govt-celebrates-3rd-straight-budget-surplus-despite-40-decline-in-q1",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-13T13:34:55.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/11/13/govt-celebrates-3rd-straight-budget-surplus-despite-40-decline-in-q1-fy27/"
  },
  "original_language": "en",
  "account": "Pakistan's federal government has reported a third consecutive first-quarter fiscal surplus, marking a significant improvement in public finances, despite a 40% year-on-year decline in the surplus and a 16% increase in government expenditure. In Q1FY27, the country recorded a fiscal surplus of Rs. 1.274 trillion, or 0.9% of GDP, compared to Rs. 2.119 trillion, or 1.7% of GDP, in the same period last year. Finance Minister's adviser Khurram Shehzad noted that Pakistan has experienced three consecutive first-quarter surpluses in FY25, FY26, and FY27 after 23 years of deficits from FY02 to FY24. The primary surplus declined by 15% to Rs. 2.974 trillion, or 2.1% of GDP, falling from Rs. 3.497 trillion a year earlier, yet it exceeded the FY27 budget target by Rs. 239 billion, or 8.7%. Government revenue fell by 3% to Rs. 6.004 trillion, while expenditure increased by 16% to Rs. 4.73 trillion. Tax revenue increased by 7% to Rs. 3.387 trillion, with the Federal Board of Revenue collections rising to Rs. 3.086 trillion. However, non-tax revenue dropped by 14% to Rs. 2.617 trillion, offsetting the rise in tax receipts. Petroleum development levy and carbon levy collections rose by 6% to Rs. 404 billion. The Rs. 650 billion increase in expenditure, coupled with a 23% rise in debt servicing to Rs. 1.7 trillion, put further strain on the government's fiscal position.",
  "summary": "The federal government is celebrating Pakistan’s third consecutive first-quarter fiscal surplus as a major improvement in public finances, even as … Read More The post Govt Celebrates 3rd Straight Budget Surplus Despite 40% Decline in Q1 FY27 appeared first on ProPakistani .",
  "key_points": [
    "Pakistan's federal government recorded a third consecutive first-quarter fiscal surplus in Q1FY27.",
    "Surplus declined by 15% to Rs. 2.974 trillion, or 2.1% of GDP, falling short of the budget target.",
    "Tax revenue increased by 7%, while non-tax revenue dropped by 14%."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}