gs1medium
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-an-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 or 2
▶ Answer & Explanation
Correct answer: A. 1 only
A vote-on-account is a temporary grant of funds for expenditure, typically sought by a government to cover its expenses for a short period until a regular budget is approved. This process is generally undertaken by a functioning government, not necessarily a caretaker one. An interim budget, however, is a full budget presented before a general election, encompassing both expenditure and revenue proposals. Therefore, the distinction lies in the scope and the typical governmental context.
Source: UPSC gs1 2011