Srinagar, Dec. 18 -- Chief Minister Omar Abdullah on Wednesday said Jammu and Kashmir's financial dependence on the Centre has increased after it was made a union territory. The chief minister was reacting to Union Finance Minister Nirmala Sitharaman's statement about the need for states to ensure fiscal discipline for reducing the debt-GDP ratio."Jammu and Kashmir is not financially self sufficient. We are largely dependent on the Centre for financial resources. This dependency, instead of reducing, has increased after we were made a UT," Omar , who is also JK's finance minister, told reporters here."As a state, we used to get state share from Central taxes which we do not get now. So, we have to directly transfer a lot of budgetary burd...
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