As the 16th Finance Commission is set to visit Goa next month, the State is likely to request for higher share in the central taxes taking into consideration its high fiscal efficiency to address infrastructure gaps and prioritise local development.
The Finance Commission chaired by Arvin Panagariya and members are expected to visit the coastal State in the second week of January, 2025, wherein Goa may request the Commission to increase the share of States in Central taxes from the existing 41 per cent to 50 per cent overall.
Highly placed sources at the Secretariat confirmed said Goa will put up a case to allot a minimum of 1 per cent of all taxes to the State, irrespective of its size and population. At present, as per 15th finance commission (2021-26), the State share from central taxes is hardly 0.386 per cent.
This story is from the December 18, 2024 edition of The Free Press Journal.
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This story is from the December 18, 2024 edition of The Free Press Journal.
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