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Reading: Centre unveils Rs 1,18,500 crore budget for J&K
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JAMMUKASHMIR

Centre unveils Rs 1,18,500 crore budget for J&K

Sherjeel Malik
Last updated: March 13, 2023 6:38 pm
Sherjeel Malik
2 years ago
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Union Finance Minister Nirmala Sitharaman on Monday unveiled Rs 1,18,500 crore budget for Jammu & Kashmir Union Territory for the next financial year.

As per documents laid in the Parliament today, the total budget estimates for the fiscal is Rs. 1,18,500 crore, of which developmental expenditure is of the order of Rs. 41,491 crore.

“The capital component of the budget has increased substantially. The expected revenue receipts are Rs 1,06,061 crore whereas Revenue expenditure is expected to be Rs 77,009 crore, thereby making available revenue surplus for capital expenditure to the tune of Rs 29,052 crore,” reads the budget document, a copy of which is in possession of news agency—Kashmir News Observer (KNO)

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This was the fourth consecutive budget of Jammu and Kashmir to be presented in the Parliament. The budgets of 2020-21, 2021-22, and 2022-23 were also presented in the Parliament in absence of an elected government in the Union Territory—(KNO)

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BySherjeel Malik
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Sherjeel Malik is a content writer at Kashmir Digits. Apart from covering current affairs, Sherjeel likes to create content about sports and write opinion based articles.
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