Gujarat to get Rs. 78,000 crore more in 5 years due to centre’s decision

Gandhinagar, DeshGujarat

State Finance Minister Saurabh Patel said that Gujarat will get more than Rs. 78,000 crore in next five years due to Shri Narendra Modi led government’s decision to increase the share of states in central taxes by 10%. He said this benifit will also be availed to all other states including Congress ruled states and thus bring ‘Achche din’ to them.

Shri Patel in reply to discussion on state budget today said in assembly that Gujarat is likely to get Rs. 1,22,453 crore as its share from central taxes in next five years. He said the 14th Finance Commission recommendations gave Rs. 11,936 to Gujarat in year 2014-15, but now due to new recommendations of Finance Commission, Gujarat will get Rs. 17,960 in year 2015-16 which is Rs. 6,024 more than previous year.

He said 13th Finance Commission had recommended 32% share of central taxes for the states, but 14th Finance Commission in its report for year 2015-20 recommended 42% share for states. The recommendation was accepted by Prime Minister Shri Narendra Modi and letters in this regard were sent to the states.