Vote On Account
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Title: Vote On Account

Essay Details:

Subject: Business
Author:
Date: February 2, 2014
Level: University
Grade: A
Length: 3 / 630

Essay text:

These estimates provide an assessment of how efficiently the government spent its resources. There are also the revised estimates of the government revenue from different sources. So, a vote-on-account gives one an idea of the effectiveness of the policies to mobilise tax and non-tax revenues. Are a vote-on-account and an interim Budget the same? No. While a vote-on-account deals only with the expenditure side of the government's budget, an interim Budget is a complete set of accounts, including both expenditure and receipts. So what is a full Budget? The Budget is a statement of the financial position of an administration for a definite period of time based on estimates of expenditures during the period and proposals for financing them...

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