Revenue Deficit Grant
26-08-2023
12:04 PM
1 min read
Overview:
The Department of Expenditure, Ministry of Finance recently released the 7th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States.
About
- The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution.
- The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution.
- The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period.
Source : PIB
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