[ad_1]
The Center has released Rs 7,183.42 crore as per the recommendations of the 15th Finance Commission under the Revenue Deficit Grant to 14 states in the country. The Finance Commission has directed the Central Government to pay the revenue deficit of Rs 86,201 crore to all these states in 12 equal installments for the financial year 2022-23. The first tranche of funds was released by the central government on Friday.
The Union Finance Ministry has released Rs 879.08 crore to the state of Andhra Pradesh under the revenue deficit, officials said. The financial community estimates that the state will face a total revenue deficit of Rs 10,549 crore this year. The rest will be released in another 11 tranches, the financial community said. However, as Telangana was not on the list of 14 states, the Center did not release funds to that state.
.
[ad_2]
Source link
