Jammu and Kashmir Chief Minister Omar Abdullah on Friday presented the Union Territory’s Budget for 2026–27 in the Legislative Assembly, stating that the financial plan is designed to lay a strong foundation for sustainable growth, social harmony and long-term economic prosperity.
Presenting the Budget, Abdullah said the government is committed to transforming Jammu and Kashmir into a modern, progressive and economically vibrant region through investment promotion, innovation and participatory governance.
“With deep humility and unwavering resolve, I rise today to present my second Budget as Finance Minister. It is a privilege to be entrusted with the responsibility of shaping the financial future of our land,” he told the House.
Describing the Budget as a forward-looking development roadmap, the Chief Minister said it goes beyond financial allocations and reflects a broader vision for the Union Territory’s future.
“This Budget is not merely a ledger of figures, it is a fiscal compass charting our path towards a brighter horizon. It lays strong foundations for enduring economic growth, social harmony and sustainable prosperity,” Abdullah said.
He emphasised that the government’s approach combines fiscal responsibility with inclusive development, with a focus on strengthening institutions, accelerating growth and ensuring that the benefits of development reach all sections of society.
