With reference to Union Budget, consider the following statements : 1. The Union Finance Minister on behalf of the President lays the Annual Financial Statement before both the Houses of Parliament. 2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India. Which of the statements given above is/are correct?

QUESTION

Easy

Indian Polity

Prelims 2024

With reference to Union Budget, consider the following statements :

The Union Finance Minister on behalf of the President lays the Annual Financial Statement before both the Houses of Parliament.
At the Union level, no demand for a grant can be made except on the recommendation of the President of India.

Which of the statements given above is/are correct?

Select an option to attempt

Explanation

Statement 1 is Incorrect: Under Article 112 of the Constitution, the President shall cause to be laid before both Houses of Parliament the Annual Financial Statement. While the Union Finance Minister presents the budget in the Lok Sabha, it is traditionally laid in the Rajya Sabha by a Minister of State for Finance, not by the Finance Minister personally in both houses.

Statement 2 is Correct: Article 113(3) of the Constitution explicitly provides that no demand for a grant shall be made except on the recommendation of the President of India. This ensures executive control over the proposal of expenditures from the Consolidated Fund of India.

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