ಕೇಂದ್ರದಿಂದ ರಾಜ್ಯಗಳಿಗೆ 1.09 ಲಕ್ಷ ಕೋಟಿ ಹೆಚ್ಚುವರಿ ತೆರಿಗೆ ಹಂಚಿಕೆ – ಕರ್ನಾಟಕಕ್ಕೆ ಸಿಕ್ಕಿದ್ದೆಷ್ಟು?

According to Public TV, the Indian Union government has released an additional 1.09 lakh crore rupees to state governments as part of its tax devolution process. The Ministry of Finance announced the move on Saturday, noting that the release of these funds is intended to provide states with greater liquidity to accelerate capital expenditure and ongoing development projects.

The tax devolution process is a constitutional mechanism in India designed to share the proceeds of central taxes with the states, based on recommendations from the Finance Commission. By front-loading or releasing additional installments, the central government aims to ensure that states have the necessary fiscal space to maintain the momentum of public infrastructure works and social welfare programs during the current financial year.

While the report highlights the national total, it notes that the specific allocation for each state is determined by the established horizontal devolution formula. This formula accounts for factors such as population, area, and fiscal capacity to ensure an equitable distribution of resources across the country. The move is expected to assist state governments in meeting their budgetary targets and sustaining economic growth at the regional level.