Question
What is the difference between âvote-on-accountâ and
âinterim budgetâ? 1. The provision of a âvote-on-accountâ is used by a regular Government, while an âinterim budgetâ is a provision used by a caretaker Government. 2. A âvote-on-accountâ only deals with the expenditure in the Governmentâs Budget, while an âinterim budgetâ includes both expenditure and receipts. Which of the statements given above is/are correct?Solution
Statement 1 is not correct : The Constitution has authorized the Lok Sabha to make any grant in advance in respect to the estimated expenditure for a part of the financial year, pending the completion of the voting of the demands for grants and the enactment of the Appropriation Bill. This provision is known as the âvote on accountâ. Statement 2 is correct : A âVote-on-accountâ deals only with expenditure while interim budget both revenue and expenditure.
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