With reference to Union Budget, consider the following statements :

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1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India.

Which of the statements given above is/are correct ?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC IAS – 2024

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Statement 1 is incorrect. According to Article 112 of the Constitution, the *President* of India shall cause to be laid before both Houses of Parliament the Annual Financial Statement (Union Budget). While the Finance Minister presents the budget on behalf of the government, the constitutional requirement is that the President causes it to be laid. Statement 2 is correct. According to Article 113(3) of the Constitution, no demand for a grant shall be made except on the recommendation of the President. This ensures presidential oversight over the initiation of expenditure proposals from the Consolidated Fund of India.

The President is constitutionally mandated to cause the Annual Financial Statement to be laid before Parliament, and demands for grants require the President’s recommendation.

The Annual Financial Statement is a statement of the estimated receipts and expenditure of the Government of India for that financial year. Article 113 outlines the procedure for dealing with estimates relating to expenditure in Parliament.

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