Question

What is the difference between “vote-on-account” and “interim budget”? 1. The provision of a “vote-on-account” is used by a regular Government, while an “interim budget” is a provision used by a caretaker Government. 2. A “vote-on-account” only deals with the expenditure in the Government’s Budget, while an “interim budget” includes both expenditure and receipts. Which of the statements given above is/are correct?

Q: Answer-What is the difference between “vote-on-account” and “interim budget”? 1. The provision of a “vote-o...

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 vote on account. Statement 2 is correct A Vote-on-account deals only with expenditure while interim budget both revenue and expenditure.