15th Finance Commission: States Receive Higher Funds Allocation, Says FM Nirmala Sitharaman
The 15th Finance Commission has allocated a higher amount of funds to states for the period 2021-2024 compared to the 14th Finance Commission, which covered 2015-2020. According to Finance Minister Nirmala Sitharaman, this increased allocation is a significant boost to state finances, enabling them to implement development projects and improve public services. With a focus on fiscal federalism and cooperative governance, the commission's recommendations aim to enhance the financial autonomy of states. Key areas of allocation include infrastructure development, healthcare, and education, which are crucial for driving economic growth and social welfare. The increased funding is expected to have a positive impact on the overall economic development of the country.
