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    Tuesday, February 3
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    Goa to Gain Rs 5,570 Crore from Centre as CM Dismisses Budget Criticism Team Goemkarponn PORVORIM: Rejecting Opposition claims that Goa’s interests were ignored in the Union Budget, Chief Minister Pramod Sawant on Monday asserted that the State stands to receive significant financial gains from the Centre in the coming fiscal year. Speaking to the media, Sawant said Goa will receive Rs 5,570 crore as its share of tax devolution for the financial year 2026–27. In addition, the State is expected to secure between Rs 3,000 crore and Rs 4,000 crore for road and highway development projects. Terming the Union Budget 2026–27 a forward-looking document, the Chief Minister said it provides a strong roadmap towards the goal of Viksit Bharat 2047. He noted that Goa is poised to benefit across several key sectors, including tourism, micro, small and medium enterprises, agriculture—with special focus on coconut and cashew cultivation—and infrastructure development. “Goa will directly receive Rs 5,570 crore through tax devolution. Over and above this, substantial funds amounting to Rs 3,000–4,000 crore are anticipated for road infrastructure, with national highway projects progressing in regions such as Canacona and Borim,” Sawant stated. Referring to allocations in the current fiscal year, the Chief Minister said Goa has already derived major benefits from the 2025–26 Union Budget. Under the Special Assistance for Capital Investment scheme, the State has received Rs 1,405 crore up to January 30, surpassing the total allocation of Rs 1,291 crore in the previous financial year. He further said that Goa has obtained Rs 650 crore under various Centrally Sponsored Schemes, along with Rs 654 crore from the Union Ministry for Road Transport and Highways for national highway works. Sawant also pointed out that during the tenure of the 15th Finance Commission, from 2020–21 to 2025–26, Goa has received a cumulative Rs 24,244 crore as its share of central tax revenues. On the agriculture front, the Chief Minister revealed that the State’s proposal to revive traditional khazan farming has received in-principle clearance from NITI Aayog. He added that Goa University, in partnership with the Indian Council of Agricultural Research, is in the process of preparing the detailed proposal for submission. The Chief Minister also indicated that the State is likely to receive additional financial support for climate change initiatives and disaster management before the close of the current financial year.

    Team AdminBy Local News No Comments2 Mins Read

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    PORVORIM: Rejecting Opposition claims that Goa’s interests were ignored in the Union Budget, Chief Minister Pramod Sawant on Monday asserted that the State stands to receive significant financial gains from the Centre in the coming fiscal year.

    Speaking to the media, Sawant said Goa will receive Rs 5,570 crore as its share of tax devolution for the financial year 2026–27. In addition, the State is expected to secure between Rs 3,000 crore and Rs 4,000 crore for road and highway development projects.

    Terming the Union Budget 2026–27 a forward-looking document, the Chief Minister said it provides a strong roadmap towards the goal of Viksit Bharat 2047. He noted that Goa is poised to benefit across several key sectors, including tourism, micro, small and medium enterprises, agriculture—with special focus on coconut and cashew cultivation—and infrastructure development.

    “Goa will directly receive Rs 5,570 crore through tax devolution. Over and above this, substantial funds amounting to Rs 3,000–4,000 crore are anticipated for road infrastructure, with national highway projects progressing in regions such as Canacona and Borim,” Sawant stated.

    Referring to allocations in the current fiscal year, the Chief Minister said Goa has already derived major benefits from the 2025–26 Union Budget. Under the Special Assistance for Capital Investment scheme, the State has received Rs 1,405 crore up to January 30, surpassing the total allocation of Rs 1,291 crore in the previous financial year.

    He further said that Goa has obtained Rs 650 crore under various Centrally Sponsored Schemes, along with Rs 654 crore from the Union Ministry for Road Transport and Highways for national highway works.

    Sawant also pointed out that during the tenure of the 15th Finance Commission, from 2020–21 to 2025–26, Goa has received a cumulative Rs 24,244 crore as its share of central tax revenues.

    On the agriculture front, the Chief Minister revealed that the State’s proposal to revive traditional khazan farming has received in-principle clearance from NITI Aayog. He added that Goa University, in partnership with the Indian Council of Agricultural Research, is in the process of preparing the detailed proposal for submission.

    The Chief Minister also indicated that the State is likely to receive additional financial support for climate change initiatives and disaster management before the close of the current financial year.

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