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The Hindu
The Hindu
National
The Hindu Bureau

Karnataka Chief Minister writes to Nirmala Sitharaman seeking release of funds recommended by 15th Finance Commission

Finance Commission Nirmala Sitharaman Karnataka

Karnataka Chief Minister Siddaramaiah has urged Union Finance Minister Nirmala Sitharaman to release special grants and State-specific grants recommended by the 15th Finance Commission and opposed the steepest cut of 23% in devolution of funds.

“The decrease in tax devolution share to Karnataka by the 15th Finance Commission when compared with 14th Finance Commission recommendation, has decreased the total tax devolution to the State by ₹37,011 crore in the past four years, from 202-21 to 2023-24,” Mr. Siddaramaiah noted in his letter.

The 15th Finance Commission has reduced Karnataka’s share in tax devolution to 3.647% of the divisible pool for the term 2020-21 -2025-26 from 4.71% recommended by the 14th Finance Commission.

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