What is the difference between "vote-on-account" and "interim budget" ? 1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?

1. Statement 1 is not entirely accurate. While an interim budget is often presented by an outgoing government shortly before elections (which might be a caretaker Government in some contexts, or simply a regular Government nearing the end of its term), the provision for a 'vote-on-account' (Article 116) is also typically used by a regular Government when it needs parliamentary authorization for essential expenditure for a part of the financial year, pending the detailed discussion and voting on the full budget. 2. Statement 2 is correct. A 'vote-on-account' specifically deals with granting funds from the Consolidated Fund of India to meet essential government expenditure for a limited period (usually 2 months) until the Appropriation Bill is passed. It does not involve presenting revenue (receipts) estimates or making policy announcements. An 'interim budget', on the other hand, is a more comprehensive statement that includes both expenditure and receipts estimates for the interim period, although major policy changes are usually avoided, especially if presented by an outgoing government.