Finance and Budget
Government expenditure is divided into two parts- 1. Voted - made from consolidated fund of India 2. Charged - Charged from consolidated fund of India. Article 113(1) - Charged Expenditure is not subjected to vote of parliament. Article 113(2) of Constitution - Voted expenditure Abstract Estimate - For obtaining Administrative Approval Detailed Estimate - For obtaining Technical Sanction of competent authority.Cost should not exceed Abstract Estimate.Prepared in sufficient Detailed.Detailed Estimate is not required for work less than 5 Lakh. Supplentary Estimate - An item of work, which is found later,should be considered as being a part of an estimate already prepared and sanctioned. Revised Estimate - 1. If the expenditure on a work likely to exceed the sanctioned cost. 2. Prepared and submitted for sanction of the competent Authority. 3. Prepared based on earnings/ expenditure trends of first five months and projections for the balance period. For open ...