Jammu and Kashmir Chief Minister Omar Abdullah presented the Union Territory’s annual budget with a focus on inclusive development, fiscal responsibility, and long-term economic stability. Addressing the legislative assembly during the budget session, Abdullah stated that the financial roadmap is designed to reinforce the foundations of sustainable growth across key sectors while promoting social harmony and balanced regional progress.

Emphasis on financial discipline and transparency

Presenting the budget, the Chief Minister highlighted the administration’s commitment to maintaining fiscal prudence. He underlined the importance of efficient utilisation of resources and increased transparency in public spending. The budget includes provisions aimed at reducing fiscal deficits and ensuring that public finances remain sustainable without compromising development priorities, especially in remote and underserved areas of the Union Territory.

Development across multiple sectors

The budget outlines targeted investments across crucial sectors such as education, healthcare, agriculture, infrastructure, and skill development. It includes specific allocations intended to bridge developmental gaps and improve the standard of living for citizens in both urban and rural areas. Special attention has been given to employment generation schemes and youth empowerment initiatives to address growing economic challenges and provide greater opportunities for the younger population.

Focus on inclusive growth and unity

Omar Abdullah emphasised that the budget reflects a vision of inclusive governance that accommodates the needs of all communities and regions within the Union Territory. He reiterated the importance of fostering social cohesion alongside economic growth. The budget aims to promote equitable access to services and institutional support, ensuring that no section of society is left behind in the development process.

Infrastructure and connectivity to receive boost

Infrastructure development received considerable attention, with plans to enhance road connectivity, power supply systems, and telecommunications networks. These initiatives are expected to improve overall accessibility and provide a boost to the economic activities across various sectors including trade, tourism, and industry. Investment in these areas is projected to create additional employment and strengthen the economic resilience of Jammu and Kashmir.

Modernisation of public services

The budget includes strategies for modernising government services through increased digitisation, e-governance projects, and administrative reforms aimed at improving efficiency and public service delivery. These efforts are designed to enhance governance standards and align administrative systems with current technological and economic trends.

Support for agriculture and rural development

Recognising the central role of agriculture in the region’s economy, the budget proposes comprehensive measures to support farmers, enhance irrigation infrastructure, and introduce modern agricultural techniques. Rural development schemes have also been prioritised to ensure holistic growth in countryside areas and to curb rural-to-urban migration by improving local infrastructure and livelihood opportunities.

Continued efforts for peace and stability

While presenting the budget, the Chief Minister stressed the importance of peace and political stability as fundamental factors influencing the success of development initiatives. The financial plan includes efforts to create an environment conducive to investment and growth by addressing social challenges and enhancing the capabilities of public institutions to respond to citizens’ needs effectively.

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