Under parliamentary financial procedures, what is the term used for the demand for grants made in advance by the government in respect of the estimated expenditure for a part of the new financial year, pending the regular passing of the budget?

💡 Solution & Explanation

A Vote on Account is a special financial instrument under Article 116 of the Constitution that allows the Lok Sabha to sanction advance grants for a portion of the financial year pending the detailed passing of the budget. It ensures that government expenditure can continue without interruption during the interim discussion period. Parliamentary financial procedures are consistently emphasized in competitive polity tests.