Interim Budget:-
Vote on Account :-
It presents an estimate of expenditures to be sanctioned by the exchequer till the budget is passed.
# In budget fresh taxes can be imposed, old ones may go, while vote on account can not alter the direct taxes as they need to be passed through a finance bill.
#The budget announces new programs and estimates the public expenditure for the fiscal year.
It refers to the budget of a govt. that is going through a transition period. It helps span the transition time between two govt's so that the govt. can continue to function.
It presents an estimate of expenditures to be sanctioned by the exchequer till the budget is passed.
# In budget fresh taxes can be imposed, old ones may go, while vote on account can not alter the direct taxes as they need to be passed through a finance bill.
#The budget announces new programs and estimates the public expenditure for the fiscal year.
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