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 year, it means that the government needs to spend more money than what was originally budgeted for in the annual budget.
To address this, the government can use a few different methods to obtain the necessary funds. One such method is through a supplementary estimate, which is an additional request for funding submitted by the government to the legislature (such as a parliament) for approval. This is usually done when unexpected or urgent expenses arise, or when the original budget proves to be insufficient.
If the supplementary estimate is approved, the government can then access the additional funds and spend them as needed. This allows the government to adjust their spending for the year to reflect changing circumstances and priorities.
Virement is a term used in budgeting which refers to the transfer of funds from one budgetary item to another, and financial regulations are rules and procedures that govern how government funds can be spent. While these may also be used to manage government expenditure, they are not specifically designed to address the issue of an increase in spending within a year.
A warrant is a document that authorizes the government to spend money for a specific purpose. While warrants can be used to access funds, they are not typically used to address an increase in expenditure within a year.