The Department of Expenditure, Department of Finance released the first monthly Post Devolution Revenue Deficit (PDRD) Grant installment of Rs.7,183.42 million to 14 States. The grant was issued in accordance with the recommendations of the Fifteenth Financial Commission.
Provinces receive an Income Grant of Rs. 86,201 crore in 2022-23
Fifteenth Financial Commission raises Total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the 2022-23 financial year. The Recommended Grant will be issued by the Department of Expenditure at Recommended International in equal monthly installments.
Post-Downgrade Income Grants are provided to States by Section 275 of the Constitution. Grants are issued to States on the recommendation of successive Financial Commissions to meet the gap in the United States post-devolution. Countries Recommended for Post-Fiscal Revenue Fund Fifteenth Financial Revenue Commission for 2022-2023 are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal Eligibility for states to receive this grant and the amount of the grant from 2020-21 to 2025-26 was determined by the Fifteenth Commission based on the gap between the assessment of revenue and expenditure of the State after considering the assessmentdevolution at this time.
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