What is the term used for a grant made by Parliament in advance of the estimation of expenditure pending the regular passing of the budget?

💡 Solution & Explanation

A Vote on Account is a grant made by Parliament under Article 116 of the Constitution allowing the executive to draw funds from the Consolidated Fund of India to meet necessary expenses for a part of the financial year until the budget is enacted. Unlike a Vote on Credit which deals with unexpected demands of an unspecified nature, a Vote on Account is a routine mechanism during transition periods. It ensures continuity of government operations without violating parliamentary financial control.