What allows the government to meet the expenses of administration until the new parliament passes the Budget for the whole year?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Vote-on-account.
| Vote-on-account | Vote-on-account is just interim permission to spend money as against a full Budget which is an elaborate financial statement of expenditure and receipts. |
| The constitution says that no money can be withdrawn by the government from the Consolidated Fund of India except under appropriation made by law. | |
| A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. |