Omar Abdullah Unveils Rs 1.13 Lakh Cr Budget to Drive Growth, Stability

Chief Minister Omar Abdullah on Friday presented a ₹1,13,767 crore Budget for Jammu and Kashmir, outlining an ambitious financial roadmap aimed at strengthening economic stability, accelerating development and fostering social harmony. 

Presenting his second Budget in the Legislative Assembly here, Abdullah who also hlds the finance portfolio described the financial plan for 2026–27 as a “fiscal compass” designed to guide the region toward sustainable prosperity, inclusive growth and



modernisation.

The Chief Minister announced that the total net Budget Estimates for 2026–27 stand at Rs 1,13,767 crore, excluding provisions for ways and means advances and overdraft. 

The gross Budget, including these provisions, amounts to Rs 1,27,767 crore. Of the total outlay, Rs 80,640 crore has been earmarked for revenue expenditure and Rs 33,127 crore for capital expenditure, reflecting the government’s focus on infrastructure creation, public services and long-term development.