What is the difference between "vote-on-account" and "interim budget"?
1) The provision ofa "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's budget, while an "interim budget" includes both expenditure and receipts.
Which of the statements given above is/are correct?

Question

Quizplus · Accepted Answer

2 only. A "vote-on-account" is indeed primarily concerned with allowing the government to cover its expenses for a short period, usually until a full budget is passed. It does not include the full range of budgetary proposals, including receipts. An "interim budget," on the other hand, is a complete set of accounts, including both expenditures and receipts, presented by the government when it is not possible to present a full budget well ahead of the new financial year. The distinction between regular and caretaker governments is not inherent to the definitions of "vote-on-account" and "interim budget."

What Is the Difference Between "Vote-On-Account" and "Interim Budget