What is the significance of the statement showing the estimated amount of that expenditure when presented before the House or Houses of the Legislature of the State?
The statement showing the estimated amount of that expenditure is significant because it informs the House or Houses of the Legislature of the State about the need for supplementary or additional expenditure upon some new service not contemplated in the annual financial statement, or for any excess spending on a particular service during the current financial year. This information allows the legislative body to make informed decisions regarding budget allocation and management of the state's finances.