J&K to receive over Rs 43000 crore in Union Budget 2026–27

STC NEWS MONITORING DESK
SRINAGAR, FEBRUARY 01(STC): The Union government in the Union Budget for 2026–27 has proposed an allocation of Rs 43,290.29 crore for Jammu and Kashmir. This marks an increase of nearly Rs 2,000 crore over the current financial year 2025-26.
The enhanced financial support is a part of the Centre’s continued assistance to bridge resource gaps and fund key sectors.
As per the Budget document, Jammu and Kashmir’s total assistance for the ongoing financial year has been revised to Rs 41,340 crore, up from the earlier estimate of Rs 41,000.07 crore, reflecting an upward revision of Rs 340 crore.
In the 2026–27 Budget, the Centre has proposed Rs 42,650 crore as central assistance to cover the Union Territory’s resource deficit.
An additional Rs 279 crore has been earmarked as grants towards the Union Territory Disaster Response Fund.
The allocation also includes Rs 259 crore as equity support for the Jhelum–Tawi Flood Recovery Project and Rs 101 crore to support capital expenditure in Jammu and Kashmir.

(Straight Talk Communications)