The Federal government expects PKR 15.26tn in tax receipts and PKR 5.34tn in non-tax receipts during 2026–27. Together they produce reported revenue receipts of PKR 20.60tn. Taxes supply 74% of that total.
The distinction is more than bookkeeping. Tax revenue tends to be the more repeatable base of the state, even if collection fluctuates with growth, imports, inflation and compliance. Non-tax revenue includes a more varied mixture—profits, fees, levies and other receipts—whose durability can differ sharply from one line to another.
Reported revenue equals 82% of headline expenditure. That ratio describes the relationship between two published controls; it is not the official fiscal deficit. Financing and other resource lines sit elsewhere in the statement, and the provincial share in Federal taxes is deducted in the resource framework.
That provincial share is budgeted at PKR 8.85tn, or 58% of Federal tax receipts. It is not spare Federal revenue: it is part of the constitutional and fiscal architecture through which collection at the centre supports spending by provinces.
The risk is therefore two-sided. If tax collection disappoints, the centre’s financing pressure rises and provincial transfers may face greater execution risk. If the non-tax target relies on receipts that are hard to repeat, a strong headline can conceal a weaker structural position. The quality of revenue matters almost as much as its quantity.