Union Finance Minister Nirmala Sitharaman would unveil the Jammu and Kashmir Union Territory’s budget for the next fiscal in the Parliament on Monday (March 13).
This would be the fourth budget of J-K UT in the Parliament after reorganization of the erstwhile state of Jammu & Kashmir in August 2019.
As per list of Lok Sabha’s business scheduled for today, the Union Finance Minister will present a statement showing the demands for grants in respect of the Union Territory of Jammu and Kashmir for the year 2022-23.
She will also present a statement showing the supplementary demands for grants- second batch for 2022-23.
The budget is being presented in the Parliament as law-making powers of Jammu & Kashmir Union Territory are vested with it in absence of an elected government in the UT.
This would be the fourth consecutive budget of J-K UT in the Parliament. The budgets of UT for 2020-21, 2021-22 and 2022-23 were unveiled in the Parliament by Union Finance Minister Nirmala Sitharaman.