Admin to submit budget proposals to GoI next week
Srinagar: The Jammu & Kashmir government is likely to submit budget proposals of the
Union Territory for 2023-24 to the Government of India in the next week.
Sources disclosed that the UT administration has finalized the budget proposals for 2023-
24 and revised estimates for 2022-23 and would submit them to the Union Ministry of
Home Affairs during the upcoming next week.
“The proposals would be submitted to the MHA for their forward submission to the Union
Finance Ministry. This would be followed- up by discussions between J&K administration,
MHA and Finance Ministry on the proposals, "they said, adding that J&K’s budget is
likely to be presented in the Parliament in the month of March.
The central assistance for J&K would be announced in the Union Budget to be presented
by Union Finance Minister Nirmala Sitharaman on February 1. Last year, J&K was
allocated Rs 35,581.44 crore central assistance.
On December 6, 2022, it was reported that the Union Finance Ministry has asked the
Ministry of Home Affairs to submit Jammu & Kashmir's budget proposals for the next
This will be the fourth consecutive budget of Jammu & Kashmir which will be presented in
the Parliament in absence of the Legislative Assembly in the Union Territory.
The budget is being presented in the Parliament as law-making powers of UT Assembly are
vested with the Parliament in absence of elected government in J&K
Jammu & Kashmir has been without an elected government since June 19, 2018. The
budget for 2019-20 was approved by the then Governor Satya Pal Malik as head of the
State Administrative Council.
After the abrogation of Article 370 and reorganization of J&K, all its budgets were
presented in the Parliament by the Union Finance Ministry due to the absence of an elected
government in the UT. (KNO)