Speaking to media, Parsekar said that State’s annual share from central taxes would rise from now on along with the annual block grant. “The State used to get Rs 70 crore per month as share from central taxes. With 10 per cent increase in State share from 32 to 42 per cent, the State will get additional funds of Rs 50 crore per month,” he said.
The Central share of the taxes are around Rs 3,000 crore annually. However, the State share was only Rs 840 crore till date. With implementation of Finance Commission recommendation, the State share from central taxes will go up to Rs 1,440 crore.
The Chief Minister also said that apart from this share, State will also receive annual Block Grants, which will enable the State to have fair share of revenue. He said that Government has already made a representation before the Niti Ayog stating that it wanted to replace existing centrally-funded schemes with the annual block grant.
Parsekar said that he has requested that all the 66 centrally sponsored schemes for Goa should be replaced with a lump-sum annual grant, thereby allowing the State to formulate its own schemes for development.
“The Centrally-sponsored schemes should be given on annual block grant basis. The existing central schemes have no benefits for a developed State such as Goa,” he said.
