Vote on Account

CA. Rajeev Aggarwal (Chartered Accountant) (3424 Points)

16 January 2009  
THE GOVERNMENT is expected to present the vote-on-account for FY10 towards the end of a 15-day Parliament session expected to begin on February 12. This would be the last session of the 14th Lok Sabha, whose term expires in mid-May. The vote-on-account would enable the government to draw funds from the Consolidated Fund of India to meet expenditure till a full Budget is presented by the new government. Parliament’s authorisation is also needed for meeting expenses of the railways. Since the session will be just before the Lok Sabha polls, expected in April-May, the government is unlikely to take up any legislative business.