As revenue deficit, public debt rise, Maharashtra to seek increase in devolution of divisible funds
Amidst rising revenue deficit and higher public debt, the Maharashtra government will seek increase in the devolution of divisible funds to 50% from 42% which will not only increase the flow of unconditional transfers but also give more flexibility in its spending. This is 8% more than what the 14th Finance Commission had recommended.
Amidst rising revenue deficit and higher public debt, the Maharashtra government will seek increase in the devolution of divisible funds. Image source: Pixabay