Can you explain the concept of supplementary, additional or excess grants?
Supplementary, additional or excess grants refer to financial provisions made by the Parliament for the expenditure of the Government during a financial year. These grants are usually required when the estimated expenditure exceeds the amount initially provided in the Annual Financial Statement or when there is a need for additional funds for specific projects or programs. The Parliament has the power to approve these supplementary, additional or excess grants through the process of voting on account, votes of credit and exceptional grants. This procedure ensures that the Government can effectively manage its finances and make necessary adjustments throughout the year based on changing circumstances and priorities.