Media Exposé Report
Jammu & Kashmir Budget 2025-26: The Truth Hidden in the Numbers
Report based on official budget documents, JPDCL data, and speech records
1. Abnormal 110% Increase in “Others” Head
Revenue Expenditure – Others Head (₹ crore)
Year
Amount
2024-25 Actual
3954
2025-26 Budget Estimate
9451
2025-26 Revised Estimate
8333
2026-27 Budget Estimate
7640
Facts
Increase:
3954 → 8333
Increase amount:
₹4379 crore
Percentage increase:
110%
Media Conclusion
✔ Massive increase without clear explanation
✔ Raises serious questions about budget transparency
As stated in the speech:
“Others Head have increased by 110%.”
2. Interest Payment at Dangerous Level
Interest Payment Table (₹ crore)
Year
Interest
2024-25
10875
2025-26
11518
2025-26 Revised
11672
2026-27
12283
Facts
Total increase:
₹1408 crore
Interest burden ratio:
15.35%
Safe limit:
10%
Media Conclusion
✔ The state is moving deeper into a debt trap
3. Major Decline in Development Expenditure
Capital Expenditure Table
Year
Capex
2023-24
28975
2025-26
12000
Facts
Decrease amount:
₹16975 crore
Decrease percentage:
58%
Media Conclusion
✔ Significant reduction in development spending
4. Power Sector – Jammu vs Kashmir
Revenue Target vs Realisation
Region
Target
Realisation
Loss
Jammu
3000
2154
846
Kashmir
2915
1973
942
Power Supply Comparison
Region
Supply (MU)
Jammu
7084
Kashmir
8334
Difference:
Kashmir received 1250 MU more power supply
Collection Efficiency
Region
Efficiency
Jammu
84%
Kashmir
81%
Media Conclusion
✔ Jammu has better revenue collection
✔ Kashmir receives more electricity supply
✔ Kashmir has higher financial losses
5. Total Power Sector Loss
Target
Realisation
Loss
3600
2587
1013
Loss percentage:
28%
Media Conclusion
✔ Power sector is the biggest loss-making sector
6. Burden of Salaries, Pension and Power Purchase
Head
2024-25
2026-27
Salary
23100
24683
Pension
14805
15777
Power Purchase
8014
9300
Media Conclusion
✔ Majority of budget is consumed by salaries and pensions
7. Debt Crisis Reality
Debt Table
Debt
GDP
Ratio
137000
288000
52%
Safe limit:
30%
Media Conclusion
✔ Debt ratio is nearly double the safe limit
FINAL MEDIA EXPOSE CONCLUSION
Based on the data, the following facts emerge clearly:
Serious questions on budget transparency
Others head increased by 110%
Debt crisis risk
Interest burden is very high
Development slowdown
Capital expenditure reduced by 58%
Power sector failure
Loss exceeds ₹1000 crore
Jammu vs Kashmir power disparity
Jammu:
• Better recovery efficiency
Kashmir:
• More power supply
• Higher losses
