An Exclusive Briefing on the Federal Budget 2009-2010 was organised by PILDAT for the Parliamentary Party of the Pakistan Muslim League – PML on June 15, 2009 in Islamabad. The objective behind the Briefing was to make the debate on the Federal Budget 2009-2010 in the Parliament more informed, meaningful and useful. The briefing was meant to provide analysis to the parliamentary party about various aspects of the budget especially in the light of the party manifesto and economic policies. This Report captures the key contents of the Briefing. The individualized briefing for the PML was timed to take place during the 3-days break in the National Assembly session immediately after the presentation of the budget in the National Assembly on June 13, 2009. Dr. Salman Shah, former Advisor to the Prime Minister on Finance and Mr. Omar Ayub Khan, former Minister of State for Finance presented analysis of the Budget 2009-2010 to the parliamentary party of the PML.