Centre-state finances: The hidden story behind the Union Budget
Centre-state financial relations: A key to cooperative federalism
Chandigarh, Updated At : 05:00 AM Feb 01, 2026 IST
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Many aspirants treat Centre-state financial relations as a static GS-II topic and fail to integrate it with the Union Budget. This is a serious mistake. Every Union Budget is also a federal document, as it determines how resources are raised, shared and spent across the Union and the states.
