000			01330nam a22001337a 4500
999			_c533713 _d533713
008			260612b ||||| |||| 00| 0 eng d
100			_aSixteenth Finance Commission _961215
245			_aSixteenth finance commission limits fiscal capacity of states
260			_aEconomic & Political Weekly
300			_a 61(19), May 9, 2026: p.37-38
520			_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
773			_aEconomic & Political Weekly
942			_cAR