States demand more funds in pre-budget meeting with Nirmala Sitharaman

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NEW DELHI: State finance ministers in their pre-budget consultation have stepped up their demand for more funds, greater say in implementing centrally-sponsored schemes and an increase in payments for royalty on minerals.
These issues were raised by the states at a meeting called by Union finance minister Nirmala Sitharaman to elicit their views on the 2023-24 budget to be presented on February 1.
Tamil Nadu finance minister P Thiaga Rajan said that states, cutting across party lines, said that centrally sponsored schemes are constraining states’ fiscal autonomy since in some schemes states end up contributing large amount which is more than the Centre’s contribution.
“All states, irrespective of political party, expressed common theme states fiscal autonomy is greatly constrained by the extent of centrally sponsored scheme, by the extent of changing ratios of funding of such…

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