The correct answer is: b) Temporary expenditure approval
A vote-on-account is a temporary authorization to spend money until the full budget is passed. It is usually granted for a period of three months, and allows the government to continue operating while the full budget is being debated and voted on.
A vote-on-account is not a full approval of the budget, and the government is not allowed to spend money on anything that is not included in the vote-on-account. However, it does allow the government to continue operating without interruption, which is important for the smooth running of the country.
The vote-on-account is a critical part of the budget process, and it is important to understand how it works. By understanding the vote-on-account, you can better understand the budget process and how it affects the country.
Here is a brief explanation of each option:
- a) Approval of the full budget. This is not correct, as a vote-on-account is only a temporary authorization to spend money. The full budget is not approved until it is passed by the legislature.
- b) Temporary expenditure approval. This is the correct answer, as a vote-on-account allows the government to spend money on a temporary basis until the full budget is passed.
- c) Revision of the budget. This is not correct, as a vote-on-account does not revise the budget. It only authorizes the government to spend money on a temporary basis.
- d) A non-binding vote. This is not correct, as a vote-on-account is a binding vote. The government is required to spend money in accordance with the vote-on-account.