Union Budget 2024: Physical copies of J&K 2024 Budget brought to Parliament | ABP News

The Jammu and Kashmir Budget 2024 copy reached the Parliament ahead of its presentation along with the Union Annual Budget 2024 on July 23. Union Finance Minister Nirmala Sitharaman will present a statement of estimated receipts and expenditures of the Union Territory of Jammu and Kashmir for 2024-25 after presenting the 2024 Union Budget. This is the fifth Budget for the Union Territory after the abrogation of Article 370. In February, the Finance Minister proposed an interim Budget of Rs 1.18 lakh crore for Jammu and Kashmir. It envisaged a fiscal deficit of Rs 20,760 crore, Capital Expenditure Contribution towards Gross State Domestic Produce (GSDP) at 14.64 per cent and an expected growth in GSDP at 7.5 per cent. The Interim Budget 2024-25 reflected the felt needs and aspirations of the people of Jammu and Kashmir and commitment of the Union Territory Government for peace, progress and prosperity. The immediate goal was to accelerate the pace of economic development in the Union Territory and make it multidimensional.