Srinagar: The Government of India Finance Minister Nirmala Sitharaman on Monday announced Rs 1,18,500 crore budget for Jammu Kashmir 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 with Kashmir News Observer.