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The expenditure made on which of the following does not require budgetary approval every year in India?
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- Defence
- Natural calamities
- Consolidated fund
- Contingency fund
Correct Option: B
Natural Calamities are sudden “acts of god,” which cannot be anticipated and planned. So budgetary approvals are not needed in this case. A budget is normally a statement of revenue receipts and expenditure. An appropriation bill or running bill is a legislative motion (bill) which authorizes the government to spend money. It is a bill that sets money aside for specific spending.