Watch: Explained: What are Supplementary Demands for Grants?

Published 3 hours ago
Source: thehindu.com
Watch: Explained: What are Supplementary Demands for Grants?
Every Budget is presented in February and lays out the plan for the government’s spending in the financial year that will start in April that year. This relies on a fair bit of estimation. Once about 8-9 months are past, the government is in a much better state to have an accurate idea of how much it is going to spend in the year. So, in December, it submits what is known as a Supplementary Demand for Grants if it needs more money.

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