**YSR Congress Party Advocates for Increased Central Tax Share for Andhra Pradesh**
The YSR Congress Party (YSRCP) leaders engaged with members of the 16th Finance Commission during their visit to Andhra Pradesh on Wednesday, advocating for a larger share of central taxes for the state. Former Finance Minister B. Rajendranath Reddy emphasized that Andhra Pradesh should receive over 50% of the central tax revenue. He noted that while the 15th Finance Commission allocated 41%, deductions such as cess and surcharges significantly reduce the actual funds received.
Reddy highlighted that previous financial assessments were based on the 1971 census, whereas the current calculations utilize the 2011 census. This shift adversely impacts states like Andhra Pradesh, which have successfully managed population growth. He proposed that states demonstrating effective family planning should be incentivized with additional financial support to compensate for the reduced funding they currently face.
Furthermore, Reddy referenced data from the Comptroller and Auditor General of India (CAG) and the Reserve Bank of India (RBI), which confirmed a decrease in borrowing from 2019 to 2024. He also pointed out the distinction between the financial management of the Telugu Desam Party (TDP) during the 14th Finance Commission and the YSRCP’s governance during the 15th, asserting that the TDP misleads the public regarding loan management. Reddy contended that despite higher borrowing, the TDP failed to implement effective welfare schemes.
In conclusion, the YSRCP’s call for a higher share of central taxes reflects the need for equitable financial support for states that have successfully controlled population growth and managed their finances responsibly.
**FAQ**
*What is the YSR Congress Party requesting from the Finance Commission?*
The YSR Congress Party is requesting an increase in the share of central taxes for Andhra Pradesh, aiming for over 50% to better support the state’s financial needs.
