The Jammu and Kashmir government is likely to submit budget proposals of the Union Territory for 2023-24 to the Government of India in the next week.

Sources said that the UT administration has finalized the budget proposals for 2023-24 and revised estimates for 2022-23 and would submit them to the Union Ministry of Home Affairs in the next week.

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“The proposals would be submitted to the MHA for their forward submission to the Union Finance Ministry. This would be followed- up by discussions between J-K administration, MHA and Finance Ministry on the proposals, “they said, adding that J-K’s budget is likely to be presented in the Parliament in the month of March.