Discussion
The Annual Financial Statement, commonly called the Union Budget, is laid before Parliament under which article?
Answer: C
Correct answer: Article 112
Article 112 requires the President to cause to be laid before both Houses of Parliament, for every financial year, a statement of the estimated receipts and expenditure of the Government of India. That statement is the Annual Financial Statement; Budget is its popular name, and the Constitution nowhere uses the word. The statement must show expenditure charged on the Consolidated Fund - the salaries of the President, the Speaker, judges, the CAG, and debt charges - separately from other expenditure. Charged expenditure may be discussed but not voted on, which protects those offices from parliamentary pressure. Everything else is put to the vote as demands for grants, and the corresponding Appropriation Bill and Finance Bill then give legal effect to the withdrawals and the taxes. The related articles are worth knowing together: Article 110 defines a Money Bill, Article 266 establishes the Consolidated Fund, and Article 280 provides for the Finance Commission.
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