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Allocate More Funds to AP: YSRCP to Finance Panel
April 17, 2025
|The New Indian Express Vijayawada
A YSRCP delegation met the 16th Finance Commission Chairman Arvind Panagariya, and made a representation seeking allocation of more funds to the State.
Speaking to the media, former Finance minister Buggana Rajendranath Reddy said they suggested an increase in the State share of revenue to over 50% as a significant portion would go back to the Centre in the form of cess and surcharges.
While the 14th Finance Commission had increased the State share from 32 to 42%, and the 15th Finance Commission had recommended 41%. "We sought 50% keeping in the deduction in view," he said.
Continue existing tax devolution: BJP
هذه القصة من طبعة April 17, 2025 من The New Indian Express Vijayawada.
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