2017 · Q47
Which one of the following is the correct sequence of different stages a budget has to go through in the Parliament?
- 1Presentation of the Budget
- 2Scrutiny by Departmental Committees
- 3Passing of Finance Bill
- 4Passing of Appropriation Bill
Select the correct answer using the code given below:
indian-polity-economyeconomy-fundamentals
- A1 - 2 - 4 - 3
- B1 - 3 - 2 - 4
- C2 - 1 - 3 - 4
- D4 - 3 - 2 - 1
Explanation
The budgetary sequence is: presentation of the budget (1), scrutiny by the Departmental Standing Committees (2), passage of the Appropriation Bill authorising withdrawals from the Consolidated Fund (4), and finally the Finance Bill giving effect to the taxation proposals (3). The order matters because the Appropriation Bill authorises the spending while the Finance Bill legalises the taxation that funds it. Hence 1-2-4-3, giving (A).