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Polity & Governance
Mahesh

16/03/22 07:27 AM IST

Govt. seeks Parliament nod for extra spending of ₹1.07 lakh cr.

In News 

  • The government on sought Parliament nod for net additional spending of more than ₹1.07 lakh crore, including about ₹15,000 crore towards fertilizer subsidy, in the third batch of supplementary demands for the current fiscal year.
Supplementary Grants 

  • Supplementary, additional or excess grants and Votes on account, votes of credit and exceptional grants are mentioned in the Constitution of India 1949.
  • Article 115: Supplementary, additional or excess grants.
  • Article 116: Votes on account, votes of credit and exceptional grants.
Steps to be followed 
  • When grants, authorised by the Parliament, fall short of the required expenditure, an estimate is presented before the Parliament for Supplementary or Additional grants.
  • These grants are presented and passed by the Parliament before the end of the financial year.
  • When actual expenditure incurred exceeds the approved grants of the Parliament, the Ministry of Finance presents a Demand for Excess Grant.
  • The Comptroller and Auditor General of India bring such excesses to the notice of the Parliament.
  • The Public Accounts Committee examines these excesses and gives recommendations to the Parliament.

Source- The Hindu 

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