In its maiden budget, the PDP-Congress government in Jammu and Kashmir has laid much stress on 'fiscal autonomy' for the state. However, the counter-insurgency regime in the state remains in place, and expenditure on this account will enormously increase the financial burden in the coming years, even as the real sources to make J and K self-sufficient remain blocked. While fiscal autonomy can be read as an expression of a desire to be free, it cannot become a substitute for addressing the fundamental issue of the people's right to decide their own destiny.