Pakistan's budget unlikely to be presented on June 5, government source says

The government has not given any reason yet ​for the delay. The source said there were still ⁠issues to be settled with the IMF on creating fiscal space, especially ⁠some ​funds to be relinquished by the provinces for federal spending.

Pakistan's federal ​budget is not likely ‌to be ​presented on June 5, a government source and local media said on ‌Wednesday, mainly as some fiscal measures have not been settled with the International Monetary Fund.

The budget might be presented ‌on June 10, the source and Geo News TV ‌said. The government source sought anonymity because he was not authorised to disclose the information.

The June 5 parliamentary session will proceed as ⁠scheduled, providing ​a platform ⁠for both the government and the opposition to debate the budget, the ⁠source said. The government has not given any reason yet ​for the delay.

The source said there were still ⁠issues to be settled with the IMF on creating fiscal space, especially ⁠some ​funds to be relinquished by the provinces for federal spending. Pakistan's finance ministry did not immediately respond ⁠to a request for a comment.

The country is on a $7 billion ⁠IMF ⁠bailout program, which has helped the economy stabilise and recover.