Centre’s additional tax devolution will boost Andhra Pradesh’s development, says Chief Minister Chandrababu Naidu
Andhra Pradesh Chief Minister N. Chandrababu Naidu has expressed gratitude to the Union government for the release of an additional ₹4,597 crore in tax devolution. The funds are expected to accelerate infrastructure projects and support various welfare initiatives across the state.
Why it matters
Timely fiscal transfers from the central government are critical for state-level development and the execution of long-term economic goals in India.
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Sunday expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for allocating an additional ₹4,597 crore as part of the Centre’s tax devolution to the State.
In a message on X, the Chief Minister said the additional funds, along with the State's regular share of Central taxes, which were generally released on the 10th of every month, would provide a significant boost to implementation of development programmes and help accelerate infrastructure projects and welfare initiatives.
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