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Dravida Munnetra Kazhagam (DMK) MP Kanimozhi on Sunday criticised the Union Budget, calling it disappointing for states and particularly for Tamil Nadu, which she said has been overlooked in key allocations and announcements even when assembly elections are upcoming.
Speaking on the budget, Kanimozhi said, "It is very disappointing, and most of the states had requested a devolution of funds of 50%, and again they have said only 41%. That is very disappointing for all the states, and there's nothing concrete in this budget." She further said the budget offers no concrete benefits to Tamil Nadu, despite the approaching elections, calling it a "disappointing budget" for the state. "Even with elections in mind, they have not announced anything for Tamil Nadu. They are not giving us anything, but then they want to mine rare earth from Tamil Nadu. It is a very disappointing budget," Kanimozhi added. Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 in Lok Sabha, her ninth consecutive Union Budget. The Centre has allocated Rs 1.4 lakh crores for states for the Financial Year 2026-27 as Finance Commission grants, Union Finance Minister Nirmala Sitharaman said on Sunday. Presenting the Union Budget 2026-27, FM Sitharaman said the Centre has accepted the 16th Finance Commission's recommendation to retain the vertical share of devolution at 41 per cent. She said, "The Government has accepted the 16th Finance Commission recommendations to retain the vertical share of devolution at 41 per cent. I have allocated Rs 1.4 lakh crores for states for FY 2026-27 as Finance Commission grants. These include rural and urban local body and disaster management grants." The 15th Finance Commission recommended a share of states in the central taxes to be 41 per cent, and the 16th Finance Commission has retained the vertical share of devolution. The Tamil Nadu assembly elections are expected to be held in April-May, however, official dates have not been announced by the Election Commission of India. (ANI)
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