What is the distinction that needs to be made in the annual financial statement between expenditure on revenue account and other expenditure?
The distinction that needs to be made in the annual financial statement between expenditure on revenue account and other expenditure is that the former refers to the sums required to meet expenditure proposed to be made from the Consolidated Fund of the State, while the latter relates to the sums required to meet expenditure described by the Constitution as expenditure charged upon the Consolidated Fund of the State. Essentially, this distinction is about separating the funds allocated for regular day-to-day operations and service provision (revenue account) from those reserved for specific, constitutionally mandated expenses (expenditure charged on the Consolidated Fund).