Contrary to widespread impression that the states have gained massively from the higher transfer of central funds on acceptance of the Finance Commission report, an analysis of budget numbers suggests their gains may be little, even non-existent.
While transfers of central taxes to states will go up sharply in 2015-16, other funds will be slashed while state spending on some schemes will rise. Besides, the Centre will spend less on many schemes and states will have to take up the slack.So, their expenditure will rise too.
No comments:
Post a Comment