Budget 2019: Rs 2,022 crore more from Centre next fiscal
Hyderabad: Telangana state will get Rs 2,022.37 crore more from the Centre in 2019-20 compared to current financial year under state’s share. Similarly, Andhra Pradesh will get Rs 3,593.23 crore more. The Central government informed this in the vote on account budget for 2019-20 presented in Parliament on Friday.
Under states’ share in tax devolution, AP will get Rs 1,570.86 crore more than Telangana in 2019-20.The Central government has projected over Rs 2 lakh crore as tax revenue and around Rs 32,000 crore as non-tax revenue from the states in 2019-20. Andhra Pradesh’s share in central tax devolutions is 4.305 per cent, whereas Telangana state’s share is 2.437 per cent.
In the current financial year, Telangana state is getting Rs 18,560.68 crore from the Centre under tax devolution. It will get Rs 20,583.05 crore as per Union government budget estimates in 2019-20.
In the same way, AP state is getting Rs 32,767.03 crore from the Centre under tax devolutions and will get Rs 36,360.26 crore in 2019-20.
While Telangana will get Rs 2,022.37 crore more in the ensuing financial year, Andhra Pradesh will get Rs 3593.23 crore more.