Jammu and Kashmir’s government has presented a budget of Rs 1,13,767 crore for the fiscal year 2026-27, outlining a plan to strengthen the region’s economy, promote social development, and attract investment. The financial blueprint aims to create a modern, innovation-driven environment while prioritizing inclusive growth for women, youth, and vulnerable communities.
Key Highlights of the Budget
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Promoting Investment and Innovation: The budget emphasizes developing a business-friendly ecosystem, encouraging domestic and global investments. Resources are being allocated to infrastructure, technology, and public service projects to stimulate economic activity and foster innovation.
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Inclusive Growth and Sectoral Support: Sectors such as tourism, handicrafts, horticulture, and agriculture, which faced challenges from natural disasters and regional disruptions, will receive targeted support to revive economic activity and protect employment.
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Focus on Youth and Women: Strategic initiatives are planned to generate employment opportunities, provide skill development, and support social programs to empower youth and women across the region.
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Fiscal Management: Own tax and non-tax revenues cover only a portion of the budget, with most expenditures allocated to salaries, pensions, and debt servicing. Efforts are being made to control non-priority spending while maintaining fiscal discipline.
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Infrastructure and Power Sector Reforms: Investments in power sector reforms aim to expand the consumer base, reduce transmission losses, and improve efficiency. Infrastructure development projects will also include hydroelectric facilities and disaster mitigation initiatives.
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Central Assistance: The government will utilize special funding from the central government for capital investment projects, supporting sustainable development and economic resilience.
A Roadmap for Sustainable Development
The budget reflects a balance between fiscal prudence and long-term growth. By targeting infrastructure development, innovation, and inclusive policies, Jammu and Kashmir is seeking to enhance economic resilience, attract investment, and create opportunities for all sections of society.
With this financial plan, the government aims to lay a strong foundation for social well-being, economic prosperity, and sustainable development in the union territory.