- Vote-on-Account:
- Provision for Lok Sabha to make advance grants for estimated expenditure.
- Used when the full budget has not been passed.
- Allows government to carry on normal activities.
- Deals only with the expenditure side of the budget.
- Normally for two months, equivalent to one-sixth of estimated expenditure.
- Full Budget:
- Contains government’s estimate for expenditure and receipts for the entire financial year.
- Includes both revenue and capital accounts.
- Presented and approved for the full fiscal year.
| Feature | Vote-on-Account | Full Budget |
|---|---|---|
| Scope | Deals only with expenditure side | Covers both expenditure and receipts |
| Period | For a part of the financial year (e.g., 2 months) | For the entire financial year |
| Purpose | To meet immediate expenses before full budget approval | Comprehensive financial plan for the year |
| Timing | Used when budget is delayed (e.g., election year) | Presented annually for the upcoming fiscal year |