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    <title>Abdullah presents JK&#039;s first budget in 7 years with 1.12 lakh cr outlay, terms it roadmap for growth</title>
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    <description>The 2025-26 budget presents a fiscal roadmap prioritising economic growth and fiscal consolidation, adopting a zero-deficit budget posture by aligning expected revenues with planned revenue and capital expenditures. It projects a materially reduced fiscal deficit relative to the prior year, specifies gross receipts and expenditure estimates including an overdraft provision, and itemises the Union Territory&#039;s own revenues alongside central assistance and programme funding. Structural measures include migration of the police budget to central accounts, special central grants, and commitments to fiscal reforms, infrastructure investment, and strengthened local governance.</description>
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