Islamabad, July 2 (IANS) Pakistan’s federal budget for Fiscal Year (FY) 2026-27 has prioritised military spending over public welfare by increasing defence spending by 18 per cent to three trillion Pakistani Rupees (PK), showcasing the armed offers as the clear winner during attempts to meet economic stabilisation targets. The budget offers little to the human resources that actually drive economic growth. “The combined federal allocations for higher education, primary schooling, and healthcare …
Latest Fiscal Year 2026-27 News & Updates
Washington, June 25, (IANS) India continues to be a major driver of global economic growth despite the economic impact of the Iran conflict and higher energy prices, the International Monetary Fund (IMF) said on Thursday, while cautioning that the country has not been immune to disruptions in global energy markets.Addressing a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said India’s economy had remained resilient despite external headwinds, supporte…
New Delhi, May 11 (IANS) India’s economy has remained resilient amid global shocks and is projected to clock the full year 2026-27 GDP growth rate of 6.6 per cent, with real GDP growth of closer to 7.2 per cent in the fourth quarter last fiscal (Q4 FY26), an SBI Research report said on Monday.The GDP growth for last fiscal (FY26) is likely to be at 7.5 per cent. Despite global headwinds, the Indian economy has maintained strong growth momentum. High-frequency activity data indicates resilient …
New Delhi, May 10 (IANS) As Pakistan prepares for the national budget for fiscal year 2026-27, business chambers and industry stakeholders are once again pushing for structural tax reforms, arguing that the country can no longer rely on short-term taxation measures and annual fiscal adjustments to revive economic growth and investor confidence, a report has said.Among the key voices is the Overseas Investors Chamber of Commerce and Industry (OICCI), which has submitted a fresh set of taxation pr…
Bhubaneswar, Feb 20 (IANS) Odisha Chief Minister Mohan Charan Majhi on Friday presented the annual state budget with an outlay of Rs 3.10 lakh crores for the 2026-27 fiscal with special focus on infrastructure, agriculture, tourism, and irrigation sectors. Majhi, who also holds the Finance portfolio, stated that the Annual Budget aims to accelerate the development of world-class infrastructure, empower youth through skill development initiatives, leverage Artificial Intelligence to enhance produ…