ITANAGAR, Nov 6: The Union Government has released Rs 1,476 crore to Arunachal Pradesh as advance tax devolution, enabling the state to accelerate development activities and meet welfare-related expenditure ahead of the festive season.
Chief Minister Pema Khandu expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the timely release, stating that the financial support would strengthen the state's capacity to expedite development works, fulfil welfare commitments and promote growth across sectors.
He said the continued support of the Central Government under Modi's leadership remained instrumental in advancing the aspirations of the people of Arunachal Pradesh.
According to the Ministry of Finance, the Union Government has released a total of Rs 1,09,019 crore to state governments as regular tax devolution in advance.
The advance release has been made in view of the upcoming festive season to enable states to accelerate capital expenditure and meet development and welfare-related commitments.
The additional funds are expected to provide states with greater fiscal flexibility to undertake infrastructure projects, expedite ongoing development works and strengthen public service delivery.