ranjan

Vote on Account is a Grant in advance to enable Govt. to carry on until the voting of Demands and Grants & passing of the Appropriations Bill and Finance Bill. As a convention, a vote on account is treated as a formal matter and passed by Lok Sabha without discussion. In other words, this enables the Govt. to fund its expenses for a short period of time or until a full Budget is passed. Article 266 of Constitution of India mandates that parliamentary approval is required to draw money from the consolidated fund of India. Besides, Article 114 (3) of  constitution stipulates that no amount can be drawn from the consolidated fund without the enactment of law (Appropriation Bill).y During Election year or when it is anticipated that main Demands & Appropriation Bill will take longer time than two months, the Vote on Account may be for a period exceeding two months. The difference between Budget and Vote on Account is that - 1) Full Budget deals with both Expenditure and Reven