ISLAMABAD: Over the span of seven years from 2017 to 2024, Pakistan’s pension expenditures in billions have witnessed a steady and notable increase.
Starting at 7.4% in the fiscal year 2017-2018, the percentage allocation towards pensions surged to 10.1% in 2018-2019, marking a significant rise. This upward trajectory continued with a jump to 12.5% in 2019-2020, followed by 13.9% in 2020-2021, indicating a consistent pattern of growth. The trend intensified further in the subsequent years, reaching 14.2% in 2021-2022, and notably spiking to 18.1% in 2022-2023. The most recent data for the fiscal year 2023-2024 reflects a substantial escalation, with pension expenditures reaching 23.8%, underscoring a pronounced commitment to supporting retirees and pensioners within the national budget.
The health budget allocation in Pakistan, measured in billions of PKR, has seen fluctuating percentages over the years. In 2017-2018, it stood at 9.5%, followed by an unspecified percentage in 2018-2019. However, in 2019-2020, it dropped slightly to 8.2%. A significant increase was observed in 2020-2021, soaring to 18.2%, and further escalated to 20.9% in 2021-2022. Subsequently, there was a decrease in the health budget allocation in 2022-2023, dropping to 14.5%. However, it rebounded in 2023-2024, reaching 17.9%, indicating varied government priorities and responses to healthcare needs over the years.
Here is the education budget in PKR (billions).
