Lahore, April 17: In a political move that’s catching everyone off guard, the federal government is reportedly gearing up to unveil the 2024–25 budget earlier than expected and yes, possibly before Eidul Adha.
Budget Bombshell Incoming?
Sources suggest that the Shehbaz Sharif-led government is eyeing an early June window to present the budget—two weeks ahead of the traditional mid-June schedule. The reason? A mix of high-stakes IMF pressure, tight timelines, and a strategic push to get ahead of the curve.
With Eidul Adha falling in mid-June this year, presenting the budget earlier could offer the government a cleaner path to legislative approval—minus the holiday distractions.
Why This Early Budget Matters
This isn’t just about changing the date. An early budget session signals:
• Urgency to meet IMF review deadlines
• A tactical move to minimize opposition resistance
• Readiness to kickstart provincial budget planning ahead of time
The Finance Ministry, under Muhammad Aurangzeb, is already moving swiftly to finalize numbers, negotiate policy shifts, and structure fiscal plans that check all the right boxes for both domestic and international stakeholders.
Read more: IMF Technical Team to Visit for Budget Proposals on April 15
What to Expect in the 2024–25 Budget
While official details remain under wraps, early indicators point toward some bold moves:
• Revised energy and fuel subsidies
• New revenue-generation measures
• A possible increase in taxation on higher income brackets
• More aggressive public sector reforms in line with IMF conditions
With Pakistan under pressure to secure another extended facility from the IMF, the upcoming budget may carry more weight than ever before.
Read more: Salaried Class to Get Relief in Coming Budget, Finance Minister
Political Strategy or Economic Necessity?
Analysts believe this timing isn’t coincidental. An early budget could serve multiple purposes:
• Control the narrative before economic challenges mount
• Give the government a head start on policy rollout
• Reduce opportunities for opposition backlash in the lead-up to implementation
This could be the government’s way of signaling stability, efficiency, and international compliance in one bold move.
