01447nam a22001457a 4500999001900000008004100019100004100060245006600101260003300167300003400200520091900234773003301153942000701186952010801193  c533713d533713260612b           ||||| |||| 00| 0 eng d  aSixteenth Finance Commission 961215  aSixteenth finance commission limits fiscal capacity of states  aEconomic & Political Weekly   a 61(19), May 9, 2026: p.37-38  aThe report of the Sixteenth Finance Commission has received a muted but mixed response. The overall tone was disappointing, mainly because the commission failed to recommend any increase in the devolution of union government taxes to the states. By continuing with the 41% share of union taxes to the states—a revision made after the change in the status of Jammu and Kashmir—the commission has failed to correct the declining share of devolution as a percent of the total revenues of the union government, and also its share in the gross domestic product (GDP). Consequently, it was unable to increase the fiscal space available to the states. This forces the states to fend for themselves and raise the additional revenues, to meet their growing expenditures and reduce their debt burdens.- Reproduced 

https://www.epw.in/journal/sixteenth-finance-commission/sixteenth-finance-commission-limits-fiscal.html
  aEconomic & Political Weekly   cAR  00102ddc40709408892aIIPAbIIPAd2026-06-12h61(19), May 9, 2026: p.37-38pAR139185r2026-06-12yAR