UP's per capita income 2nd lowest, but state finances good: Finance Commission chief https://www.taxtmi.com/news?id=45710 Uttar Pradesh's fiscal position is underpinned by high own-tax collections relative to GSDP, disciplined budgetary expenditures, and a manageable debt-to-GDP ratio that limits interest costs and preserves developmental outlays. These internal strengths, combined with horizontal devolution rules that favor poorer states, enhance UP's entitlement in intergovernmental transfers. The state is advocating for a larger share of divisible tax revenue and special targeted development funds ahead of the 16th Finance Commission's recommendations for the 2026-27 to 2030-31 period. en-us Wed, 04 Jun 2025 21:31:05 +0530 Wed, 04 Jun 2025 21:31:05 +0530 TaxTMI RSS Generator UP's per capita income 2nd lowest, but state finances good: Finance Commission chief https://www.taxtmi.com/news?id=45710 Uttar Pradesh's fiscal position is underpinned by high own-tax collections relative to GSDP, disciplined budgetary expenditures, and a manageable debt-to-GDP ratio that limits interest costs and preserves developmental outlays. These internal strengths, combined with horizontal devolution rules that favor poorer states, enhance UP's entitlement in intergovernmental transfers. The state is advocating for a larger share of divisible tax revenue and special targeted development funds ahead of the 16th Finance Commission's recommendations for the 2026-27 to 2030-31 period. News - Wed, 04 Jun 2025 21:31:05 +0530 https://www.taxtmi.com/news?id=45710