The 2025–26 federal budget of Pakistan, totaling ₨17.57 trillion, reflects a complex balancing act between fiscal discipline, rising defence needs, and stalled economic reforms. With an unprecedented hike in military spending and ambitious tax reforms under IMF pressure, the budget has sparked mixed reactions nationwide. While the government aims for stability and growth, critics argue that the underfunding of social sectors like health, education, and climate resilience could deepen long-term challenges. This blog explores the budget’s key allocations, public response, and the path forward.