August 3, 2022 5:22 PM

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Revenue Deficit Grant of 7,183.42 crore rupees released to fourteen states

<span style="color: #222222;">Finance Ministry today released the 5th monthly installment of Post Devolution Revenue Deficit grant of over seven thousand one hundred and eighty-three crore rupees to fourteen states. The grant has been released as per the recommendations of the Fifteenth Finance Commission. The Ministry said, the 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of 86 thousand 201 crore rupees to 14 States for the financial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly installments.<br />''<br />''With the release of the 5th installment, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to over 35 thousand 917 crore rupees. The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are – Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.</span><br />

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