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15th Finance Commission report
February 8 , 2021
1311 days
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- The final report of the Fifteenth Finance Commission of India for FY 2021-22 to FY 2025-26 was tabled in the Parliament.
- The Finance Commissions generally submit their reports for a five-year duration.
- The report has been organized in four volumes:
- Volume I and II – Main report
- Volume III: Focused on centre - it examines key departments in greater depth, with the medium-term challenges and the roadmap ahead.
- Volume IV: Entirely focused on states - it analyses the finances of each State in great depth and has recommended state-specific considerations to address the key challenges that individual States face.
Key recommendation
- Maintaining vertical devolution at 41 per cent to maintain predictability and stability of resources.
- Spending on health by states should be increased to more than 8 per cent of their budget by 2022.
- Giving additional borrowing room to States based on performance in power sector reforms.
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