What is the significance of the annual financial statement in relation to the making of grants under clause (1)?
The annual financial statement is significant in relation to the making of grants under clause (1) as it mentions expenditures for which a grant can be made, and any law to be made for the authorization of appropriation of moneys out of the Consolidated Fund of the State to meet such expenditure must have its provisions similar to those provided in articles 203 and 204.