<h1>Jammu and Kashmir's Rs 1.27 lakh crore budget prioritises inclusive growth, fiscal prudence, debt sustainability and targeted welfare measures.</h1> The Jammu and Kashmir 2026-27 Budget of Rs 1.27 lakh crore prioritises sustainable, inclusive growth with fiscal prudence: net estimates of Rs 1,13,767 crore, revenue expenditure Rs 80,640 crore, capital expenditure Rs 33,127 crore, own revenues Rs 31,800 crore, central assistance Rs 42,752 crore, a projected tax to GDP ratio of 6.6% and a fiscal deficit of 3.69%. The plan emphasises debt sustainability through controlled borrowing and austerity, capital investment funded in part by special central assistance, power sector reforms, and targeted social and agricultural welfare measures.