Question
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 the Government’s Budget, while an “interim budget” includes both expenditure and receipts. Which of the statements given above is/are correct?
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