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16th Finance Commission Tenure Extension
October 19 , 2025
16 days
242
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- The government has extended the 16th Finance Commission's term till November 30, 2025.
- The commission was formed on December 31, 2023, with Arvind Panagariya as Chairman.
- It will recommend tax distribution between the Centre and states for 2026–2031.
- The original deadline for the report submission was October 31, 2025.
- It will also review disaster management financing under the Disaster Management Act, 2005.
- The commission has four members, including economists and senior officials.
- The 15th Finance Commission had recommended 41% tax devolution to states for 2021–2026.
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