BS EDIT: Resource allocation and the role of the Finance Commission

By Business StandardPublished On Apr 22, 2025

What is the Finance Commission?

It recommends how tax revenues are shared between the Union and states. The 16th Commission’s award will apply from April 1, 2026

States want a larger share

Most states are asking for 45–50% of the divisible pool, up from 41%

Rising cesses reduce states’ share

Cesses and surcharges are not shared with states. Their growing use reduces effective devolution

A new formula?

Tamil Nadu wants GDP contribution considered in revenue sharing—raising fresh debates on fairness

Freeing up state spending

Rationalising centrally sponsored schemes could give states more flexibility to meet local needs

Growing debt risks

Many states face unsustainable debt. The Commission must incentivise better fiscal discipline