The Ministry of Finance has announced its budget fund release strategy for the 2026-27 fiscal year. The policy introduces a quarterly system for development and current expenditure. BrahMos India to supply missiles to Indonesia in $630 million defence deal The ministry prepared the strategy under the Public Finance Management Act. In addition, officials followed the Financial Management and Powers of Principal Accounting Officers Rules. Overall, the framework aims to improve transparency and strengthen budget management. Under the policy, the government will release PSDP funds every quarter. Initially, it will provide 15% in the first quarter. Afterwards, authorities will allocate 20% in the second quarter. Later, they will release 25% in the third quarter. Finally, the government will provide the remaining 40% in the last quarter. However, the Planning Commission’s Development Working Party (DWP) must approve every project first. Only then will the Finance Ministry allocate the funds. Government departments will also receive current expenditure every quarter. Initially, they will get 20% of their allocation. Next, departments will receive 25% in the second quarter. Another 25% will follow in the third quarter. Meanwhile, the government has introduced a separate plan for salaries and pensions. Under this system, authorities will release 25% of the allocation every quarter. As a result, departments can pay employees and pensioners on time. The Finance Ministry also issued guidelines for foreign-funded projects. Before releasing funds, the Ministry of Economic Affairs and the Finance Division must approve the rupee cover. According to the ministry, the new policy will strengthen financial discipline. It also expects the strategy to improve budget implementation during the 2026-27 fiscal year. Post navigation Pakistan Textile Exports June shipments fall 22.6% despite modest annual growth
