Srinagar, March 26 -- The Jammu and Kashmir Legislative Assembly on Tuesday passed the budget for 2025-26 with a voice vote, approving the appropriation bill to enable the government to utilise Rs 1.40 lakh crore from the Union Territory's consolidated fund for the upcoming fiscal.
The appropriation bill is crucial as it allows the government to withdraw funds from the consolidated fund of the Union Territory to meet its expenses for the financial year.
Chief Minister Omar Abdullah, who also holds the finance portfolio, presented the appropriation bills for fiscal years 2025-26 and 2024-25 in the assembly, both of which were passed by voice vote after their introduction.
On March 7, Abdullah presented Jammu and Kashmir's first budget in ...