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“Instead of being rewarded, Andhra Pradesh is being penalised for significantly improving per capita income level above the national average by executing central plan policies in a comprehensive way. We feel that the issue of income inequalities needs to be addressed through targeted schemes rather than Finance Commission transfers,” said Chief Minister N Kiran Kumar Reddy.
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- Per capita income above national figure only in four districts of State
- CM expresses concern that the State may lose Rs 20,000 cr during 2015-20
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Hyderabad: “Instead of being rewarded, Andhra Pradesh is being penalised for significantly improving per capita income level above the national average by executing central plan policies in a comprehensive way. We feel that the issue of income inequalities needs to be addressed through targeted schemes rather than Finance Commission transfers,” said Chief Minister N Kiran Kumar Reddy.
Addressing the Fourteenth Finance Commission (FFC) meeting with the State government officials at Jubilee Hall here on Thursday, Kiran Kumar Reddy said that the per capita income may not be a suitable criteria for tax devolution because of high concentration income in four districts. He said that the average per capita income of remaining 19 districts would be below the national average and the Commission should ensure that the high income in four districts should not result in lower transfers to the majority of the population in the State.
Saying that it is a matter of grave concern to AP that its share in tax devolution has been coming down with each Finance Commission, he said that the tax devolution came down to 6.94 per cent in during the period of the 13th Finance Commission from 7.91 per cent during the 10th Finance Commission period.
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