- October 2, 2026
- Posted by: Tresmark
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Pakistan’s Finance Division has launched measures to improve public finance management, fiscal forecasting, budget execution and performance-based budgeting through specialised technical support.
The initiative aims to strengthen the government’s ability to forecast revenues and expenditures, analyse fiscal data, improve budget allocations and enhance expenditure controls in line with national and international public finance standards.
Under the proposed reforms, annual, half-yearly and quarterly fiscal forecasts will be prepared, while data will also be compiled and analysed for reporting to international credit rating agencies.
The Finance Division plans to improve the assessment of budgets and spending by federal ministries, departments and autonomous bodies, covering areas such as civil expenditure, defence, pensions, grants, subsidies, net lending and the Public Sector Development Programme.
The reforms will also focus on improving budget preparation and execution, with monthly and quarterly reviews planned to monitor spending and implementation.
The Finance Division is further working to revise the Budget Manual in line with the Public Finance Management Act and strengthen the role of Chief Finance and Accounts Officers in implementing the updated framework.
The initiative also includes greater fiscal transparency through risk disclosures, the Budget Strategy Paper, Mid-Year Review Report, Fiscal Policy Statement and performance-based budgeting and reporting.
The government also plans to strengthen Output-Based and Performance Budgeting across federal ministries, improve grant utilisation and provide training and technical assistance to budget officials.
