Srinagar, 17-Mar, : The whooping budget of Rs 1,18,500 crore for Jammu & Kashmir for the financial year 2023-24 has special focus on employment generation, women empowerment and social inclusion. The total budget estimates for the fiscal is Rs. 1,18,500 crore, of which, developmental expenditure is of the order of Rs. 41,491 crores.“The capital component of the budget has increased substantially. The expected revenue receipts are Rs 1,06,061 crore whereas Revenue expenditure is expected to be Rs 77,009 crore, thereby making available revenue surplus for capital expenditure to the tune of Rs 29,052 crore,” reads the budget document.According to a senior official in the J&K administration, the focus of the budget is good governance, strengthening grassroots democracy, promoting sustainable agriculture, facilitating investment and growth, employment generation, accelerated development and inclusive growth, women empowerment and social inclusion.
