Jammu, Feb 11: In a press conference, the Lieutenant Governor, Manoj Sinha, unveiled the Jammu and Kashmir Budget for the fiscal year 2024-25, resonating with a vision that places inclusive prosperity and sustainable development at its core.
Economic Resurgence:
The budget, totaling Rs. 1,18,728 crore, echoes the administration’s unwavering commitment to uplifting the economy and meeting the aspirations of the people. Notably, the strategic allocation of Rs. 97,861 crore for revenue receipts and Rs. 20,867 crore for capital receipts reflects a careful balance between immediate needs and long-term investments.
Growth-Oriented Approach:
LG Manoj Sinha highlighted the immediate goal of accelerating economic development in the Union Territory, with a resolute commitment to making it multi-dimensional. The budget is not merely a financial document; it’s a growth-oriented roadmap aligned with the government’s pledge to double the UT’s economy in the coming years.
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Sector-Specific Initiatives:
The budget meticulously outlines sector-wise allocations, emphasizing good governance, grassroots democracy, sustainable agriculture, employment generation, and tourism development. It lays the groundwork for a multi-faceted approach to address diverse challenges.
Technological Leap:
In a bid to modernize governance, the budget earmarks funds for e-governance initiatives, including the extension of e-office, and the implementation of cutting-edge technologies such as AI, ML, and IoT for efficient service delivery, ensuring citizens benefit from streamlined and accessible public services.
Empowering Youth and Communities:
Acknowledging the pivotal role of the youth, the budget places a strong emphasis on skill development and employment opportunities. Schemes like self-employment initiatives and outreach programs underscore a commitment to empowering local communities.
Environmental Stewardship:
The budget champions environmental sustainability through forestry and environmental initiatives, promoting afforestation, urban green spaces, and eco-tourism. These efforts aim to create a harmonious balance between development and ecological preservation.
Security Reinforcement:
Recognizing the importance of regional safety, the budget allocates resources for strategic investments in security-related activities, including the strengthening of border infrastructure and the integration of advanced technological solutions.
Optimistic Outlook:
The budget announcement culminated with an optimistic projection for the Union Territory’s economic growth, showcasing a comprehensive plan that not only addresses immediate needs but also lays the groundwork for a resilient and prosperous future.
Jammu and Kashmir, under the visionary leadership of Lieutenant Governor Manoj Sinha, is poised for a transformative journey towards inclusive growth, setting the stage for a prosperous and harmonious future.
