हालिया बजट के बाद कई राज्य सरकारें आंध्र प्रदेश और बिहार राज्य को दिए जा रहे स्पेशल पैकेज के बारे में शिकायत करते हुए पाई गई। पर इससे बड़ा मुद्दा है केंद्र सरकार और राज्यों के बीच वित्तीय वितरण का।  62% राजस्व केंद्र सरकार द्वारा एकत्र किया जाता है जब कि राज्य सरकारें 62% खर्चे के लिए जिम्मेदार हैं। यह राजकोषीय असंतुलन राज्यों की अपनी जिम्मेदारियों को पूरा करने की क्षमता को सीमित करता है। आज की पुलियाबाज़ी पर इसे मुद्दे पर प्रणय अपने कुछ सुझाव साझा करते हैं।  We often find state governments squibbling about revenue distribution amongst the Indian states, however the core of this issue lies in the vertical devolution of funds. A significant mismatch exists: while 62% of revenue is collected by the union government, the state governments are responsible for 62% of the expenditure. This fiscal imbalance limits the states’ ability to meet its spending responsibilities. To address this, Pranay proposes an algorithmic approach to resolve this complex issue.  Notes from Pranay: We discuss: * Vertical devolution is the key challenge * Share of Cess and surcharge is increasing * Ideas to reduce the fiscal imbalance * Central schemes * Non-tax revenue * What is the root cause of this imbalance? * Homework Readings: Let the Fiscal Federalism Games Begin by Pranay Kotasthane Fifteenth Finance Commission Reports for 2021-2026 Related Puliyabaazi: सोलहवे वित्त आयोग के लिए तीन सुझाव। 3 Ideas for the 16th Finance Commission हमारी शहरी सरकारें इतनी कमजोर क्यों है? The state of India’s Municipal Finances If you have any questions for the guest or feedback for us, please comment here or write to us at [email protected]. If you like our work, please subscribe and share this Puliyabaazi with your friends, family and colleagues. substack: Website: https://puliyabaazi.in Hosts: @saurabhchandra @pranaykotas @thescribblebee Twitter: @puliyabaazi  Instagram: https://www.instagram.com/puliyabaazi/ Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.puliyabaazi.in