Addressing the Abua Dishom Budget Seminar 2026-27 organised by the Finance Department at the Jharkhand Secretariat, Soren said the upcoming budget should ensure balanced growth across sectors and benefit every section of society.
Photo: SNS
Jharkhand Chief Minister Hemant Soren on Thursday emphasised the need for a comprehensive, inclusive and sustainable budget that reflects public aspirations and prepares the state for long-term development.
Addressing the Abua Dishom Budget Seminar 2026-27 organised by the Finance Department at the Jharkhand Secretariat, Soren said the upcoming budget should ensure balanced growth across sectors and benefit every section of society. He noted that Jharkhand has completed 25 years of statehood and now requires a strong and multidimensional budget framework to guide its next phase of progress.
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The Chief Minister said the size of the next budget is expected to be around Rs 1 lakh crore and is likely to increase further in the coming years. Stressing the need to strengthen revenue mobilisation, he said adequate financial resources were necessary for the effective implementation of development and welfare schemes.
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Soren highlighted the importance of public participation in the budget-making process and said that suggestions from citizens and experts were being actively considered. He said a balanced and development-oriented budget could be achieved only through the wider involvement of people from different sections of society.
Referring to his recent visits to Davos and London, the Chief Minister said the exposure to global economic systems, governance models, and work culture would help provide a new direction to Jharkhand’s development strategy. The experiences gained during these visits would be used to accelerate growth and introduce innovative approaches in policy and administration, he added.
Noting the changing aspirations of the younger generation, Soren said the new budget must be aligned with their needs and expectations. He said the youth were seeking new pathways beyond traditional systems, and the government must create opportunities suited to this evolving mindset.
The Chief Minister underlined that Jharkhand has no shortage of natural and human resources, including minerals, forests, water, farmers, skilled labour, entrepreneurs, and sportspersons. What was required, he said, was better management and value addition to maximise the use of these resources for the state’s development.
He pointed out that Jharkhand leads the country in lac production and is among the major producers of tasar silk, and stressed the need for processing and value addition instead of exporting raw materials to other states.
Despite being a small and economically backward state, Jharkhand continues to make a significant contribution to the national economy, Soren said, adding that the government was working with a clear roadmap to strengthen sectors such as education, healthcare, tourism, agriculture, sports and infrastructure, along with conservation of water, forests, and land.
Calling Jharkhand a tribal-dominated state with a rich cultural heritage, the Chief Minister said preserving and promoting traditional systems and tribal customs would remain a key priority of the government.
Soren said suggestions received from experts and members of the public would be taken into account while preparing the budget. On the occasion, Swati Banka, Kishor Prasad Verma and Gopi Hansda were felicitated with cash awards and certificates for their contributions.
Finance Minister Radha Krishna Kishore, Chief Secretary Avinash Kumar, Development Commissioner Ajay Kumar Singh, Finance Secretary Prashant Kumar and several senior officials and experts from reputed institutions were present at the seminar.
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