Lok Sabha Passes Jammu & Kashmir Budget for 2024-25

The Lok Sabha approved the 2024-25 Budget for Jammu and Kashmir. The Budget and appropriation bills were passed by a voice vote. Finance Minister Nirmala Sitharaman announced plans to reduce the central government's fiscal deficit to 4.9% of GDP in 2024-25 and below 4.5% by 2025-26.

The Lok Sabha on Tuesday approved the Budget for the Union Territory of Jammu and Kashmir for 2024-25.

The Budget for J&K and relevant appropriation bills were passed by a voice vote.

Replying to the debate on the general budget, Finance Minister Nirmala Sitharaman said the fiscal deficit of the central government is proposed to be brought down to 4.9 per cent of the GDP during 2024-25 and further to below 4.5 per cent by 2025-26.