- Statement 1: A Vote-on-Account (Article 116) is a grant made in advance by Parliament to meet the expenditure for a part of the financial year, passed when the main budget cannot be passed before the start of the new financial year. It can be used by any government (regular or caretaker). An Interim Budget is also presented by a government that cannot present a full budget, typically when elections are due, which often involves a 'caretaker' phase, but isn't exclusively for caretaker governments. The distinction based on 'regular' vs. 'caretaker' government usage is not strictly accurate or the primary difference. - Statement 2: A Vote-on- Account only authorizes expenditure from the Consolidated Fund of India. It does not deal with receipts or taxes. An Interim Budget is a full financial statement covering both expenditure and estimated receipts, albeit for a limited period. This is a key difference. Statement 2 is correct.
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 care-taker Government. 2. A vote-on- account only deals with the expenditure in Government’s budget, while an interim budget includes both expenditure and receipts.
Asked in GPSC Prelims CSP 1 2018 · Topic: The Parliament (Budget in Parliament: Financial Procedures and Funds)
More Indian Polity and Governance questions
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