Srinagar, Feb. 6 -- The interim Budget envisages a fiscal deficit of Rs 20,760 crore and a 7.5 percent growth in gross state domestic product (GSDP)

Srinagar/New Delhi: Finance Minister Nirmala Sitharaman on Monday proposed an interim Budget of Rs 1.18 lakh crore for fiscal 2024-25 for the Union Territory of Jammu & Kashmir.

The interim Budget envisages a fiscal deficit of Rs 20,760 crore and a 7.5 percent growth in gross state domestic product (GSDP).

The capital expenditure for the fiscal has been proposed at Rs 38,566 crore, which is 14.64 percent of the GSDP, as per the interim Budget tabled by Sitharaman in Parliament.

The revenue receipts for the next fiscal stood at Rs 97,861 crore.

According to Sitharaman, the crucial reforms...