The Uttar Pradesh government is presenting the supplementary budget in the Assembly on Monday. Have you ever wondered which budget is this apart from the general budget? Yes, it is important for you to understand this also, so that there is no confusion. Supplementary budget is the budget which any state government presents during the financial year after the general budget. It is introduced when the government needs additional funds for any scheme, department or emergency and there is not sufficient provision for it in the general budget, then the supplementary budget is brought.
Know here that it is necessary to get the approval of the state assembly. Understand it this way, in India, supplementary budget is a provision that allows the government to meet unexpected expenses during the financial year or to amend or revise the budget. It is primarily used to meet any additional financial needs not anticipated at the time of presenting the annual budget.
How is it different from the general budget?
A general budget is an economic blueprint for the entire financial year. It includes the government’s income, expenditure, new schemes, tax policy and priorities. Whereas, supplementary budget is only related to additional expenditure. In this, neither the accounts of the entire year are kept nor new tax declarations are made. Article 115 of the Constitution provides the legal framework for the supplementary budget.
Article 115 allows the government to present Supplementary Demand for Grants if it requires more funds than those initially allocated in the annual budget. The general budget contains provisions for expenditure, and if there is a shortfall, a supplementary budget is introduced to make adjustments.
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