G-B budget and overall economy
The Gilgit-Baltistan (G-B) government presented a delayed full-year budget of Rs218.845 billion for fiscal year 2026-27 on Tuesday. The budget carries a deficit of more than Rs52 billion and the government is seeking additional funds from the federal government to meet various liabilities. In July, the G-B government had presented an interim budget of Rs20.478 billion for the first quarter of FY27 and said the full-year budget would be presented after three months. Senior Minister Mohammad Ali Akhtar, who also holds the finance portfolio, presented the budget in the G-B Assembly.