Expressing gratitude to Prime Minister Narendra Modi for complying with the recommendations of the Fourteenth Finance Commission, State BJP unit president KV Singh Deo on Wednesday informed that the State would get Rs 1,92,070 crore as Central tax share in five years.
In a Press release, Singh Deo said while the State has been receiving 32 per cent Central tax share but with the Fourteenth Finance Commission recommendations the same will increase to 42 per cent.
“As per the report of the Fourteenth Finance Commission without any Central tax share the State will witness a revenue deficit of Rs 21,007 crore in 2015-16, Rs 23,059 crore in 2016-17, Rs 25,073 crore in 2017-18, Rs 26,947 crore in 2018-19 and Rs 30,425 crore in 2019-20,” said Singh Deo.
But as per the recommendation of the same Commission the State will get Rs 27,001 crore in 2015-16, Rs 31,158 crore in 2016-17, Rs 36,005 crore in 2017-18, Rs 41,656 crore in 2018-19 and 48,250 crore in 2019-20 respectively as Central tax share.
Stating that the State Government has estimated Rs of 19,580 crore as Central share tax in its budget, Singh Deo said Odisha will receive more than Rs 7,000 crore from Centre. He also urged the State Government to thank the Central Government.