Jammu and Kashmir Chief Minister Omar Abdullah unveiled a budget of Rs 1,13,767 crore for the fiscal year 2026-27 in the Legislative Assembly. The budget aims to establish a strong base for sustainable growth, social harmony, and economic prosperity in the union territory. Abdullah expressed his commitment to modernize and invigorate the region through investments, innovation, and inclusive governance.
Describing the budget as a developmental roadmap, Abdullah emphasized that it signifies more than just financial figures. He called it a fiscal guide leading towards a brighter future by fostering economic growth, social cohesion, and lasting prosperity. The chief minister urged all members of the House to collaborate for the progress of Jammu and Kashmir.
Highlighting the resilience of the people, Abdullah, who also serves as the Finance Minister, reiterated the government’s dedication to transforming the region into a progressive and economically vibrant area. He stressed the importance of converting challenges into opportunities and aspirations into accomplishments. The government’s focus lies on creating a conducive environment for business to attract investments and foster innovation.
The budget, formulated after extensive consultations with various stakeholders, aims at people-centric development. Abdullah acknowledged the difficulties faced in the past year due to geopolitical factors, a terror attack in Pahalgam, and floods in parts of Jammu. These events adversely affected sectors like tourism, handicrafts, horticulture, and agriculture, leading to job losses and financial hardships for families.
