Approximately how much did Pakistan's government reduce provincial development budgets by in Punjab under the FY2026-27 budget negotiations?
A
Rs500 billion
B
Rs701 billion
C
Rs300 billion
D
Rs900 billion
Correct Answer: Option B — Rs701 billion
Explanation:
Reaching the FY2026-27 combined fiscal targets required negotiated cuts to provincial development budgets, including a reduction of Rs701 billion in Punjab's development allocation, alongside smaller cuts in Sindh and KP.