The Union Budget 2026-27 has proposed an allocation of Rs 43,290.29 crore for the Union Territory of Jammu and Kashmir, marking an increase of nearly Rs 2,000 crore compared to the current financial year.

According to the data accessed by news agency  the Union Finance Ministry has earmarked Rs 43,290.29 crore as total transfers to J&K for the next financial year.

The assistance to J&K for the ongoing financial year has also been revised upwards to Rs 41,340 crore from the earlier Rs 41,000.07 crore, reflecting an increase of Rs 340 crore.

For 2026-27, the Centre has proposed Rs 42,650 crore as central assistance to bridge the resource gap of the Union Territory, Rs 279 crore as grants towards the Union Territory Disaster Response Fund, Rs 259 crore as equity support for the Jhelum Tawi Flood Recovery Project, and Rs 101 crore for capital expenditure support. (KNC)