With the 16th Finance Commission awards expected to be made public soon, Kerala is expecting a higher devolution of taxes and grants-in-aid, including revenue deficit (RD) grant, from the Commission’s recommendations. “The share of Central Taxes is projected to grow at 53.80% in anticipation of higher devolution from the 16th Finance Commission. Kerala is also expecting its Own Tax Revenue to increase to ₹94,002.47 crore and non-tax revenue, to ₹20,355.77 crore. State Own Tax Revenue is estimated to grow at 12% in the forward estimate period. The share of Central taxes and grants-in-aid is also estimated to grow at 10% and 5% respectively in the forward estimate period.