2 years, 7 months ago
Data | How States’ share in Centre’s taxes declined due to cesses, explained in 5 charts
Nearly two weeks ago, Chief Ministers expressed their concern about dwindling State revenues in a NITI Aayog meeting chaired by the Prime Minister. According to the 15th Finance Commission’s report, in FY19, the Union government raised 62.7% of the total resources raised by the Union government and States, while States had borne 62.4% of the aggregate expenditure. Chart 1 shows the Union government’s and States’ share in total resources raised and total expenditure borne in FY19. As the gross tax revenues took a hit during the pandemic, the States’ share of the Union government’s taxes recorded a steep fall of 15% and 9% in FY20 and FY21, respectively. Chart 3 shows the States’ and Union government’s share of gross tax revenue.
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