FM To Table 4th J&K Budget In Parliament Today

Srinagar: Union Finance Minister Nirmala Sitharaman will table the Jammu and Kashmir budget for the financial year 2023-24 in Parliament on Monday.
“Finance Minister to present a statement of estimated receipts and expenditure of the Union Territory of Jammu and Kashmir for the year 2022-23,” reads an official statement.
This is the fourth budget of J&K in the Parliament after reorganization of the erstwhile state of Jammu & Kashmir in August 2019.
The budget is being presented in the Parliament as law-making powers of Jammu & Kashmir are vested with it in absence of an elected government.
This would be the fourth consecutive budget of J&K in the Parliament. The budgets 2020-21, 2021-22 and 2022-23 were unveiled in the Parliament by Minister Nirmala Sitharaman.
In June 2018, the Jammu & Kashmir came under Governor’s rule after BJP withdrew support to Mehbooba Mufti-led government citing deteriorating security situation in the state. The budget for 2019-20 was approved by the Governor-led State Administrative Council in December 2018 days before the erstwhile state came under President’s rule under Article 356 of the Constitution of India.