Jammu and Kashmir Chief Minister Omar Abdullah today said that total gross receipts estimated at Rs 1,27,767 crores for the year 2026-27.
“For 2026-27, the total gross receipts are estimated at Rs 1,27,767 crore, including the provision for ways and means advances and overdraft of Rs 14,000 crore,” said the Chief Minister while presenting his second budget of the UT of Jammu and Kashmir in the Legislative Assembly here.
Given these receipts, he said that the total gross expenditure is estimated to be Rs 1,27,767 crore, and informed that, “the total net budget estimates for the fiscal 2026-27 are Rs 1,13,767 crore excluding the provision for ways and means advances and overdraft”.
“This includes Rs 80,640 crore and Rs 33,127 crore under Revenue Expenditure and Capital Expenditure, respectively, under Budget Estimates 2026-27 and Rs 90,018 crore and Rs 23,749 crore as expected Revenue Receipt and Capital Receipt, respectively, under Budget Estimates 2026-27,” he said.
The Chief Minister further said that the own revenues both tax and non-tax are estimated to be Rs 31,800 crore. “In addition to this, Rs 42,752 crore is to flow in as central assistance and Rs 13,400 crore as CSS to Jammu and Kashmir.”
He also said that the tax/GDP ratio was projected at 7.5 percent for 2025-26 but for 2026-27, it is projected at 6.6 percent and noted that, “Fiscal deficit for the year 2025-26 was estimated to be 2.98 percent and this was substantially lower than 5.5 percent in 2024-25 (RE).”
Fiscal deficit for the year 2026-27 is estimated to be 3.69 percent, he said that this is substantially higher than 3.63 percent in 2025-26 (RE).
“The GDP for the year 2025-26 had been projected at Rs 2,88,422 crore, which showed a growth of 9.5 percent over the previous year,” the Chief Minister said, “GDP for the year 2026-27 has been projected at Rs 3,15,822 crore (indicative nominal GDP), which shows a growth of 9.5 percent over the previous year.”
Abdullah added that, “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.”
