Chandigarh, Feb. 3 -- Haryana will get a higher share in central taxes from the 2026-27 financial year with the central government increasing the state's inter-se share to 1.361%, the highest proportional increase among 14 states whose inter-se shares saw an upward revision on the recommendations of the 16th Finance Commission.

The report of the 16th Finance Commission was tabled by Union finance minister Nirmala Sitharaman in the Parliament on Sunday. State officials said this 24.52% increase over the state's existing 1.093% share in central taxes was primarily due to a new criterion introduced by the 16th Finance Commission for horizontal devolution which factored in a state's contribution to the country's gross domestic product (GDP)....