The Government of India presented a budget of Rs1,18,500 crore for the Union Territory of Jammu and Kashmir for 2023-24 in the Lok Sabha.
Budget
The Government of India presented a budget of Rs1,18,500 crore for the Union Territory of Jammu and Kashmir for 2023-24 in the Lok Sabha. It includes developmental expenditure to the tune of 41,491 crore rupees. Minister of State for Finance Pankaj Choudhary presented a statement of estimated receipt and expenditure of Jammu and Kashmir for 2023-24 in the House. The expected revenue receipts are Rs1,06,061 crore, while revenue expenditure is expected to be Rs77,009 crore, leaving a revenue surplus of Rs29,052 crore for capital expenditure. Besides, he also presented a statement showing the Supplementary Demands for Grants for Jammu and Kashmir for the years 2022-23. Under it, the Government has sought an additional 3,711 crore rupees for the Union Territory as part of the supplementary demands for grants.
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