J&K utilizing over 8% funds in health sector this fiscal’

Rohit Goja
Srinagar June 27: In the ongoing fiscal Jammu and Kashmir government is utilizing more than eight percent of funds in the health sector from the total budget of this financial year.

According to the official documents, in the health sector, “Jammu and Kashmir has allocated 8.3 percent of its expenditure on health in 2025-26.”
“This is higher than the average allocation for health by states in 2024-25 that is 6.2 percent,” it reads.
Stating the overall deficits, debt, and FRBM Targets for 2025-26, the documents reveal that the Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006 provides annual targets to progressively reduce the outstanding debt, revenue deficit and fiscal deficit of the state government.
About the overall revenue balance, the documents read, “It is the difference of revenue expenditure and revenue receipts.”
A revenue deficit implies that the government needs to borrow to finance those expenses which do not increase its assets or reduce its liabilities.
“The budget estimates a revenue surplus of Rs 10,826 crore (or 3.8% of the GSDP) in 2024-25,” it reads.
Likewise in fiscal deficit, the documents reveal that “It is the excess of total expenditure over total receipts. This gap is filled by borrowings by the government and leads to an increase in total liabilities.”
“In 2025-26, the fiscal deficit is estimated to be 5.6 percent of GSDP. For 2025-26, the central government has permitted a fiscal deficit of up to 3 percent of GSDP to states,” the documents read.
“Additional borrowing space up to 0.5 percent of GSDP will also be available for undertaking certain power sector reforms. As per the revised estimates, in 2024-25, the fiscal deficit of the state is expected to be 5.6 percent of GSDP,” it reads.