16th Finance Commission
The 16th Finance Commission of India was constituted on December 31, 2023, with Dr. Arvind Panagariya as its chairman. Its main task is to determine the distribution of tax proceeds between the Central and State Governments, establish the principles for grants-in-aid from the Consolidated Fund of India to the states, and suggest measures for augmenting state funds to support Panchayats and Municipalities. The Commission will also review financing for Disaster Management initiatives. It is expected to present its report by October 31, 2025, covering a five-year period from April 1, 2026.
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