PANAJI
The Union government has released an additional Rs 398 crore to Goa as part of the tax devolution to States, providing the State with additional financial resources to accelerate infrastructure development and meet its development and welfare expenditure requirements.
Chief Minister Pramod Sawant thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the release, stating that the timely financial support would strengthen the State government's efforts towards social welfare, infrastructure development and sustainable economic growth.
The Centre has released a total of Rs 1,09,019 crore to State governments as an additional instalment of tax devolution. According to the Union Ministry of Finance, the amount is over and above the regular monthly tax devolution and marks the second additional instalment released to States during the current financial year 2026-27.
The additional funds are intended to enable State governments to accelerate capital expenditure and meet development and welfare-related spending requirements. The release ahead of the festive season is also aimed at providing states with greater financial flexibility to fulfil their expenditure commitments.
