Finance Commission to table revenue sharing report in Feb 25

The government today said it will table the Finance Commission's report on Centre-State revenue sharing model in Parliament on February 25, a day before presenting the Budget 2010-11.

The government today said it will table the Finance Commission's report on Centre-State revenue sharing model in Parliament on February 25, a day before presenting the Budget 2010-11.

HT Image

Economic Survey of the government and the Thirteenth Finance Commission's report on the Center-State revenue sharing model will be tabled in Parliament on February 25, Finance Secretary Ashok Chawla told reporters on the sidelines of a book-release function here.

The budget session of Parliament will start from February 22, while the budget would be presented on February 26 after the Railway Budget, which is to be presented on February 24.

The Finance Commission had submitted a report to President Pratibha Patil recently where it had discussed the model for revenue sharing for the period 2010-11 to 2014-15.

Recommendations of the commission will be reflected in the budget, Finance Minister Pranab Mukherjee had said earlier.

Chawla also pointed out that the government would not borrow more than the target of Rs 4.51 lakh crore for the current fiscal.