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    <title>Abdullah presents JK&#039;s first UT Budget, proposes series of welfare, development measures</title>
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    <description>The Union Territory budget for 2025-26 adopts a fiscal consolidation approach combining own-source revenues, central assistance and scheme financing with reduced fiscal deficit ambitions. It pairs revenue and capital expenditure planning with sectoral policy initiatives: a hydropower policy to attract private investment, industry and MSME promotion including leather processing and procurement preferences, tourism expansion under a sustainable promotion initiative, and digital governance reforms such as a comprehensive digital health platform. Social measures include enhanced pensions, expanded food entitlements, free public transport for women, housing projects, education upgrades and skill development.</description>
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