The Ledger · Year to June 2026

Rs19.8tr in.
Rs23.1tr out.

Pakistan's federal and provincial governments, one year, every line. Numbers only, and each one read in the document that published it.

Follow the money Eleven years of accounts

All governments · FY2025-26Rs million
Tax revenue14,219,062
Non-tax revenue5,554,870
Total in19,773,932
Interest on debt6,947,628
Defence2,587,629
Other current spending11,150,985
Development, net lending3,254,215
Statistical discrepancy−853,090
Total out23,087,367
Balance
2.6% of GDP−3,313,435

Provisional. "Other current spending" is current spending less interest and defence: our subtraction.

Interest paid since you opened this page

Rs0

The FY26 interest bill, Rs6,947,628 million, spread evenly over the year's 31,536,000 seconds. Our arithmetic on the Finance Ministry's figure.

–every second
–every day
–of each Rs100 raised

The river of money

Where the federal rupee came from, and where it went.

Federal government, July 2025 to June 2026, Rs billion. Touch any stream.

Table 4, provisional. "Other non-tax income" is non-tax revenue less State Bank profit and the petroleum levy: our subtraction. "Not reconciled" is the federal statistical discrepancy of Rs448bn: recorded spending is larger than revenue plus borrowing by that amount. The ministry gives two reasons: a rise in government deposits at commercial banks, and timing differences between State Bank, FBR and Economic Affairs Division data.

The year in eight lines

FY2025-26 against the year before.

Federal and provincial governments together. Percentage changes are our arithmetic.

Eleven years of accounts

The gap between the two lines is the deficit.

Every year-end summary the Finance Ministry has published since 2016, read one by one.

Revenue and spending

Federal and provincial governments, Rs trillion, FY2016 to FY2026

Each year as first published (provisional). Spending includes the statistical discrepancy.

Interest as a share of all revenue

Mark-up payments ÷ total revenue, %, FY2016 to FY2026

The ratio is our arithmetic on each year's published totals.

Overall balance

% of GDP, as printed in each year's summary

GDP was rebased in 2022. Ratios up to FY21 were published on the older, smaller GDP and are not restated here.

Cross-check

Two figures for the same thing, side by side.

Where official numbers differ, both are shown with the size of the gap and the document each came from.

FY26 spending: two totals in one document

Confirmed · read at source
Spending added up line by line (Table 3)Rs23,940.5bn
Spending in the headline total (Table 1)Rs23,087.4bn

Statistical discrepancy by year, Rs billion

Rs853.1bnThe gap, entered as a "statistical discrepancy". 0.7% of GDP, and the largest in eleven years.
The ministry's stated reasons: higher government deposits at commercial banks, and timing differences between agencies. By government: federal Rs448bn, the provinces together Rs405bn (Punjab Rs266bn, Khyber Pakhtunkhwa Rs95bn, Balochistan Rs72bn). The official deficit of 2.6% of GDP is measured from the financing side. Counting the gap as spending would put it at 3.3%: our arithmetic.

FY25 primary surplus: headline and underlying

Confirmed · read at source
Headline primary surplusRs2,719bn · 2.4%
Underlying, as the IMF reports itRs1,461bn · 1.3%
Rs1,258bnThe part of the State Bank's dividend the IMF treats as a windfall.

The FY26 deficit, from budget to accounts

Confirmed · read at source
Budget, June 20253.9% of GDP
IMF projection, April 20263.2%
Accounts, July–June2.6%
All twelve cross-checks

How a number gets onto this site

Four labels. No fifth kind.

Confirmed

Read by us in the primary document: the Finance Ministry's accounts, a State Bank table, an audit report, an IMF staff report. The link opens that document.

Reported

Read by us in a named newspaper or agency that carries an official figure, where the primary document could not be opened.

Claim

A figure stated by one party and contested by another. Both sides are shown.

Arithmetic

A sum, difference, share or ratio worked out here from confirmed figures. The inputs are always beside it.

The chapters

Twelve ledgers. Open any one.