NEW DELHI: Sat Sharma, President, J&K BJP and MP (Rajya Sabha), spoke in strong support of the Appropriation Bill–II, 2026 in the Rajya Sabha, emphasizing that the legislation empowers the government to effectively allocate and utilize financial resources for national development.
Speaking during the debate, Sat Sharma stated that the bill reflects the government’s commitment to fiscal discipline and robust economic management, with total expenditure reaching Rupees 357.14 lakh crore and India maintaining a strong foreign exchange reserve of approximately 686 billion dollars. He termed this as a decisive step towards achieving the vision of a Viksit Bharat by 2047.
He underscored that India’s economic policies are designed to ensure stability even amidst global uncertainties, highlighting the Economic Stabilization Fund of Rupees 57,381.84 crore as a safeguard against fluctuations in global energy prices. He noted that the roadmap to 2047 is rooted in inclusive and universal development, where growth benefits every section of society.
Sat Sharma lauded the leadership of Narendra Modi for maintaining a steady growth rate of around 7% and successfully lifting nearly 25 crore people out of poverty. He contrasted this with earlier regimes, stating that today’s governance model focuses on transparency, accountability, and direct benefit delivery.
Highlighting flagship schemes, he said that under the Jal Jeevan Mission, over 13 crore households have been provided tap water connections, including in difficult terrains like Jammu & Kashmir. Under the Swachh Bharat Mission, more than 12 crore toilets have been constructed, ensuring dignity for women, while the Pradhan Mantri Awas Yojana has facilitated the construction of over 4 crore houses for the poor.
He further emphasized the success of Direct Benefit Transfer (DBT), through which Rupees 43.45 lakh crore has been directly transferred to beneficiaries, eliminating leakages and ensuring transparency in governance.
On the economic front, Sat Sharma highlighted the role of MSMEs, agriculture, and rural development in strengthening the nation’s growth. He noted significant provisions of over Rupees 2.32 lakh crore for agriculture and Rupees 2.40 lakh crore for rural development, which will boost irrigation, rural infrastructure, and reduce migration.
Touching upon national security, he stated that a strong nation must be capable of defending its borders. He welcomed the substantial allocation in the defence sector, including over Rupees 3.73 lakh crore in revenue and Rupees 2.19 lakh crore in capital expenditure, which will enhance modernization and promote indigenous defence manufacturing under Make in India.
Referring to Jammu & Kashmir, Sat Sharma said that the region has witnessed unprecedented development after the abrogation of Article 370, with the budgetary allocation rising to Rupees 43,290 crore for 2026–27, compared to around Rupees 18,000 crore earlier.
Sat Sharma asserted that in view of transformative measures, transparent governance, and the government’s clear vision for a developed India by 2047, he wholeheartedly supports the Appropriation Bill–II, 2026.
