Jharkhand Finance Minister Radha Krishna Kishore unveiled a Rs 1,58,560 crore Budget for 2026-27 in the Assembly, termed the “Abua Dishom Budget” focusing on inclusive development. The Budget, titled “Abua Jharkhand” (Our Jharkhand), aims to uplift the underprivileged and ensure overall prosperity. This budget represents a 9% increase from the previous year’s Rs 1,45,400 crore allocation.
During his address, Kishore criticized the Centre for allegedly providing insufficient financial aid to Jharkhand. He claimed a shortfall of about Rs 16,000 crore in tax devolution and grants, impacting the state’s finances significantly. The Minister highlighted various financial challenges faced by the state, including losses due to GST rate adjustments and outstanding dues from coal companies.
Despite financial constraints, the government prioritized timely employee salary payments and allocated funds for the Chief Minister’s Maiya Samman Yojana. The state anticipates a rise in its own revenue from Rs 25,521 crore in 2019-20 to Rs 66,700 crore in 2026-27, showcasing positive economic growth.
The Budget allocates Rs 1,20,851.90 crore for revenue expenditure and Rs 37,708.10 crore for capital spending, with an increased focus on infrastructure development. Notably, women’s welfare and social security programs received substantial funding, emphasizing the government’s commitment to social inclusivity and empowerment.
In the health sector, a significant allocation of Rs 7,990.30 crore was made, including a special scheme for cancer treatment and the establishment of 750 “Abua Dispensaries.” The Budget also prioritizes agriculture, rural development, education, and other key sectors to drive holistic growth and development in Jharkhand.
