2023–24 Pakistan federal budget

The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day. The Federal Budget entailed the raising of the Petroleum Development Levy (PDL) and lifting of all restrictions on imports. These revisions came after talks between the Prime Minister Shehbaz Sharif and IMF Director Kristalina Georgieva.

The total budget outlay (expenditure) of the new budget was Rs 14.46 trillion, 51% higher than the previous year. Federal Revenue for the budget was budgeted as Rs 12.163 trillion , with Rs 5.276 trillion being transferred to the provinces, leading to a net revenue of Rs 6.887 trillion, 36.9% higher than the previous year. The FBR's budgetary target was set at Rs 9.200 trillion, 23% than last year's target. The fiscal deficit being estimated at Rs 6.923 trillion or 6.54% of the GDP. The Finance Minister said it added no new taxes, no increases in duties on import of essential items, exemptions of custom duties on certain agricultural goods, and increased government wages and minimum wage.

By the end of the financial year (30 June), Pakistan's real GDP growth rate was reduced to 0.3 percent, before rising to 2.69 percent in the first quarter of fiscal year 2023-24.