What is the difference between “vote-on-account” and “interim budget” ?
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 Government 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 nor 2
1 Answers
(b) Statement 1 is not correct as caretaker Government is the government which is ready to Go, it does not present the Interim Budget. The Interim Budget is presented by the Incoming Government or new Government which has different fiscal and revenue plans from the outgoing Government.
| S.N. | Vote on account | Interim Budget |
| 1 | It deals only with the expenditure side of the government budget. | It includes both expenditures and receipts of the government’s budget. |
| 2 | It is for only two or three months. | It is for one year. |