Uttarakhand’s Share in Central Taxes Increases by ₹2,500 Crores

Pushkar Singh Dhami, Chief Minister of Uttarakhand, announced that the state’s share in central taxes has increased by approximately ₹2,500 crores. In the original budget for the last financial year 2023, Uttarakhand’s share was about ₹11,419 crores. This figure has now risen to approximately ₹13,943 crores in the original budget for the financial year 2024.

Central Taxes: Reflection of Development Work

The Chief Minister highlighted that this increase in Uttarakhand’s share of central taxes reflects the state’s ongoing development work. The government has been actively involved in numerous projects to improve infrastructure, healthcare, education, and other critical sectors. This increased allocation is seen as a recognition of these efforts.

Central Taxes: Strengthening the Economy

Dhami also emphasized that the rise in central tax allocation indicates a strengthening of the state’s economy. The government’s initiatives to boost economic growth, attract investments, and create job opportunities have started to bear fruit. The increased funds will further support these efforts, fostering a robust and resilient economy in Uttarakhand.

Future Plans and Prospects

Looking ahead, the Chief Minister expressed optimism about the state’s future. The additional funds from the central government will be utilized to accelerate development projects and implement new initiatives aimed at improving the quality of life for residents. Dhami reiterated the government’s commitment to sustainable development and inclusive growth, ensuring that Uttarakhand continues to progress on all fronts.