Budget 2023: State Finance Ministers Seek Greater Fund Allocation During Pre-Budget Consultation With FM Nirmala Sitharaman

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New Delhi, November 25: State finance ministers on Friday reiterated their greater fund allocation demand during the pre-budget consultations with Union Finance Minister Nirmala Sitharaman.

They also sought greater authority in implementation of central government schemes. In addition to this, some states also sought greater royalty on minerals, sources aware of the developments said. Finance Minister Nirmala Sitharaman To Kick-Start Pre-Budget Meetings From November 21.

Tamil Nadu Finance Minister P. Thiaga Rajan later said after the meeting that all states, cutting across party lines, were unanimous that centrally sponsored schemes are putting pressure on their fiscal autonomy, as in some of them states were contributing larger amounts. Finance Minister Nirmala Sitharaman Criticises States Seeking More Funds, Says ‘You Me’ Culture Won’t Work.

The Union Finance Minister is likely to present the Union Budget on February 1, 2023.

(The above story first appeared on LatestLY on Nov 25, 2022 11:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website f10news.com).

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