What is Vote on Account?

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Vote on Account

Usually, when Parliament is unable to vote on the Budget for the entire financial year, the Members of Parliament approve the government’s use of certain amount of money to meet its administrative expenses. In India, the government usually presents this Vote on Account ahead of the general elections. This year, the ruling UPA government will present the Vote on Account in February and the actual Budget will be presented sometime in July, after the new government is formed post the Lok Sabha elections.

 

 

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