Jammu and Kashmir Chief Minister Omar Abdullah presented the 2026–27 Budget in the Assembly on Friday, marking his second budget as Chief Minister of the Union Territory.
He began his address by outlining the government’s vision of transforming Jammu and Kashmir into a modern, progressive and economically vibrant region.
Omar said the government is focused on building a business-friendly ecosystem that invites innovation and investment, turning the region into a hub of enterprise and ideas.
The J&K government is actively engaging with the Central government to resolve fiscal issues, he said during the budget presentation.
In a brief media interaction before the presentation, Omar remarked, “I rise today to present my second budget as Finance Minister of Jammu and Kashmir.” “Doing this out of deep humility and unwavering resolve,” he added.
“It is an immense privilege to be entrusted with the responsibility of shaping the financial future of our land,” he said while presenting the budget.
Emphasising the roadmap for development, Omar stated, “This Budget is not merely a ledger of figures; it is a fiscal compass charting our path towards a brighter horizon. It lays strong foundations for enduring economic growth, social harmony and sustainable prosperity.”
Earlier, he expressed dissatisfaction over the Central government’s continued delay in granting statehood to Jammu and Kashmir.
He said, “What is the point of having a UT with a legislative assembly? If you want to run it like a UT, then take away the legislature — or else grant us the statehood we have been demanding since 2019 and also guaranteed by the Central government in Parliament.”
He made these comments as Union Home Minister Amit Shah is currently on a three-day visit to the Union Territory, with security and development high on the agenda.
Also Read: Shah to assess J&K security situation in Jammu meeting
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