Srinagar: The Jammu and Kashmir Government has reported a decline in capital expenditure during the first half of 2025–26 compared to the same period last year.
As per the Finance Department, capital spending stood at ₹2,574 crore in the first two quarters, down from ₹4,156 crore in 2024–25. The Minister attributed last year’s higher expenditure to clearance of pending liabilities worth ₹1,300 crore from 2023–24.
The Union Territory’s total liabilities are pegged at ₹6,500 crore, while its own revenue generation till September 2025 has reached ₹10,984 crore — with ₹6,777 crore from tax and ₹4,207 crore from non-tax receipts.
The Finance Minister said J&K’s fiscal position remains stable with no liquidity constraints affecting developmental works.
