Union Budget upsets state estimation

In 2026-27 MP will get Rs 7,678cr less than what it used to receive

- Our Staff Reporter

The Union Budget has upset the MP’s budget estimation.

The state budget session is beginning on February 16.

The state's share of the central taxes has been cut after the recommendations of the 16th Finance Commission.

The state used to get 7.85% of the central taxes, which has been reduced to 7.34%.

As a result, the state is likely to get Rs 1,12,133 crore from the central taxes instead of Rs 1,19,811 crore for 2026-27.

In the next financial year, the state will get Rs 7,678 crore less than what it used to get from the Central Government.