India vs Jammu & Kashmir โ Budget Comparison 2026-27
How does Jammu & Kashmir's state budget compare with the Union Budget for FY 2026-27?
Centre vs State โ Key Budget Metrics 2026-27
India (Union)
Rs 53.47 lakh crore
Jammu & Kashmir
Rs 1.14 lakh crore
India (Union)
Rs 35.33 lakh crore
Jammu & Kashmir
Rs 90,018 crore
India (Union)
Rs 12.22 lakh crore
Jammu & Kashmir
Rs 33,127 crore
India (Union)
Rs 28.67 lakh crore
Jammu & Kashmir
Rs 20,700 crore
India (Union)
4.3%
Jammu & Kashmir
4.6%
India (Union)
Rs 14.04 lakh crore
Jammu & Kashmir
Rs 12,283 crore
Receipts & Expenditure โ India vs Jammu & Kashmir
| Particulars | India (Union) | Jammu & Kashmir | Difference |
|---|---|---|---|
| Total Receipts | Rs 35.33 lakh crore | Rs 90,018 crore | +3824.9% |
| Tax Revenue (Net) | Rs 28.67 lakh crore | Rs 20,700 crore | +13749.9% |
| Non-Tax Revenue | Rs 6.66 lakh crore | Rs 11,100 crore | +5902.1% |
| Total Expenditure | Rs 53.47 lakh crore | Rs 1.14 lakh crore | +4600.2% |
| Revenue Expenditure | Rs 41.25 lakh crore | Rs 80,640 crore | +5015.9% |
| Capital Expenditure | Rs 12.22 lakh crore | Rs 33,127 crore | +3588.3% |
| Interest Payments | Rs 14.04 lakh crore | Rs 12,283 crore | +11330.4% |
| Fiscal Deficit | Rs 16.96 lakh crore | Rs 14,685 crore | +11447.6% |
| Fiscal Deficit (% of GDP) | 4.3% | 4.6% | โ |
| Debt-to-GDP Ratio | 55.6% | 48% | โ |
Department-wise Spending โ India vs Jammu & Kashmir
| Department | India (Union) | Jammu & Kashmir | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 19.73 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 7.85 lakh crore | Rs 0 | โ |
3. Ministry of Road Transport & Highways | Rs 3.1 lakh crore | Rs 0 | โ |
4. Ministry of Railways | Rs 2.81 lakh crore | Rs 0 | โ |
5. Ministry of Home Affairs | Rs 2.55 lakh crore | Rs 0 | โ |
6. Ministry of Consumer Affairs, Food & Public Distribution | Rs 2.39 lakh crore | Rs 0 | โ |
7. Ministry of Rural Development | Rs 1.97 lakh crore | Rs 0 | โ |
8. Ministry of Chemicals & Fertilisers | Rs 1.77 lakh crore | Rs 0 | โ |
9. Ministry of Agriculture & Farmers' Welfare | Rs 1.41 lakh crore | Rs 0 | โ |
10. Ministry of Education | Rs 1.39 lakh crore | Rs 0 | โ |
11. Ministry of Health & Family Welfare | Rs 1.07 lakh crore | Rs 0 | โ |
12. Ministry of Communications | Rs 1.02 lakh crore | Rs 0 | โ |
13. Ministry of Jal Shakti | Rs 94,670 crore | Rs 0 | โ |
14. Ministry of Housing & Urban Affairs | Rs 85,522 crore | Rs 0 | โ |
15. Ministry of Women & Child Development | Rs 31,720 crore | Rs 0 | โ |
Understanding Centre vs State Budget โ India and Jammu & Kashmir
India's federal fiscal structure divides spending responsibilities between the Centre and states. The Union Budget covers national priorities like defence, foreign affairs, and central schemes, while state budgets handle education, health, police, and local infrastructure.
The Finance Commission determines how central tax revenue is shared with states. Currently, 41% of the divisible pool is transferred to states. Additionally, states receive grants-in-aid for specific schemes and programs.
Jammu & Kashmir's share of central transfers, combined with its own tax revenue (state GST, excise, stamp duty, vehicle tax) and non-tax revenue, determines its total resource envelope. Comparing this with the Union Budget provides a complete picture of public finance in India.
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