What does vote on account deal with?

Vote on account deals with the short term expenditure needs of the Central Government from the Consolidated Fund of India. Vote on account is a grant in advance to the Central Government. You can read about the RBI – Reserve Bank of India [UPSC Indian Economy Notes] in the given link.

All the revenue of the Central Government, from various sources gets parked in the Consolidated Fund of India. Article 266 of the Constitution of India deals with Consolidated Fund of India and Article 116 of the Constitution of India deals with Vote on Account. 

Further readings:

  1. Monetary Policy – Objectives, Roles and Instruments
  2. Difference between Interim Budget and Vote on Account

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