An increase in government expenditure within a year is taken care of by means of?
Question 1 Report
An increase in government expenditure within a year is taken care of by means of?
Answer Details
When there is an increase in government expenditure within a fiscal year, it is often necessary for the government to seek additional funds to finance the increase. This can be achieved through a supplementary estimate, which is a proposal for additional spending beyond the original budget for that year. The supplementary estimate outlines the amount needed, the reasons for the increase, and the source of funds to finance the increase. This is then presented to the legislature for approval before the funds can be released. This process ensures that the government has the necessary funds to carry out its programs and projects within a fiscal year.
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