Srinagar, Feb. 2 -- The Union Territory of Jammu and Kashmir has been allocated a budget of Rs.43,290.29 crore proposed in the Union Budget 2026-27, an increase of Rs.1,950.07 crore (4.72%) as compared to the allocation of the current financial year (2025-26).

The budget documents, presented by Union finance minister Nirmala Sitharaman in Parliament, showed that the total transfers to the UT have been pegged at Rs.43,290.29 crore, up from Rs.41,340.22 crore in 2025-26 Revised Estimates (RE).

The funds proposed as central assistance have risen by Rs.2,030.97 crore, from Rs.40,619.30 crore in 2025-26 to Rs.42,650.27 crore in 2026-27, an increase of 5%. "The provision is to assist J&K to meet its resource gap," the document stated.

An amo...