What is national finance commission?

[alenaghose]

I keep hearing the term National Finance Commission in discussions about government finance and revenue sharing. What is the National Finance Commission, and what role does it play in distributing financial resources between the central and state/provincial governments?

 

[Ynessira]

National Finance Commission is a constitutional institution in other countries such as Pakistan which suggests how the federal revenues should be distributed among the provinces. It guarantees the fair distribution of resources, takes into account demographics and needs and is able to propose grants. It aims at financial equilibrium of federal and provincial governments.

 

[Maverick Stone]

National Finance Commission (NFC) is a constitutional institution which establishes the distribution of federal tax revenues between the federal government and four provincial governments.

 

[Aurora]

The National Finance Commission (NFC) is a constitutional body that decides how financial resources are shared between the central government and state/provincial governments, mainly through tax revenue distribution.

 

[Ian]

The National Finance Commission is a constitutional institution that determines the amount of tax revenue that should be given to the central and the state/provincial government ensuring that the cash is given in equal measure that meets their demands.

 

[Olowricha]

A constitutional institution (in Pakistan, under Article 160) is the National Finance Commission (NFC) which coordinates the allocation of financial resources between the federal and provinces to provide an equal development and financial balance.

 

[James Miller]

The NFC is an institution that determines the amount of tax revenue that is distributed between a federal government and its provinces or states in a fair way.

 

[Jaxon]

The National Finance Commission (NFC) is a constitutional body in India that recommends the distribution of financial resources between the central government and states, ensuring equitable sharing of tax revenues and promoting balanced economic development across the country.