Omar Abdullah Tables Rs 1.13 Lakh Crore Budget in Jammu and Kashmir Assembly
Chief Minister Omar Abdullah has presented a substantial Budget of Rs 1.13 lakh crore in the Jammu and Kashmir Assembly, outlining the fiscal priorities for the Union Territory. This significant financial plan underscores the government's commitment to development and governance in the region.
Second Budget Presentation by Abdullah
This marks the second Budget presented by Omar Abdullah in his capacity as Chief Minister of Jammu and Kashmir. His previous fiscal plan, amounting to Rs 1.12 lakh crore, was introduced in March 2025, setting a precedent for this year's increased allocation.
The Budget of Rs 1.13 lakh crore represents a strategic increase from the previous year, reflecting ongoing efforts to bolster economic growth and address key sectors. The presentation in the Assembly highlights the democratic process and fiscal transparency in the Union Territory.
Key Details of the Budget- The total Budget size is Rs 1.13 lakh crore, as tabled by Chief Minister Omar Abdullah.
- This is Abdullah's second Budget presentation since taking office as Chief Minister.
- The previous Budget of Rs 1.12 lakh crore was presented in March 2025.
- The Budget was presented in the Jammu and Kashmir Assembly, emphasizing legislative oversight.
The timing of this Budget presentation, on February 6, 2026, aligns with the fiscal calendar and governance timelines. It comes amid broader national and regional economic contexts, aiming to support infrastructure, social welfare, and other critical areas in Jammu and Kashmir.
This Budget is expected to play a pivotal role in shaping the Union Territory's development trajectory over the coming fiscal year.
