Home The Constitution Part V Article 112

Art. 112 Part V: The Union

Annual Financial Statement

Exact text — Constitution of India

(1) The President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year, in this Part referred to as the 'annual financial statement'. (2) The estimates of expenditure embodied in the annual financial statement shall show separately—(a) the sums required to meet expenditure described by this Constitution as expenditure charged upon the Consolidated Fund of India; and (b) the sums required to meet other expenditure proposed to be made from the Consolidated Fund of India...

In Plain English

What this Article actually means

This Article establishes the constitutional basis for India's annual Union Budget — a comprehensive statement of the government's estimated income and expenditure for the coming financial year, presented to Parliament, with a specific distinction between 'charged' expenditure (which doesn't require a fresh annual vote, like judges' salaries) and 'voted' expenditure (which does require Parliament's specific approval each year).

Why This Matters To You

How it shows up in everyday life

This is the constitutional foundation for the annual Budget presentation you see covered so extensively in the news each year — the government's entire fiscal plan for the year, formally required by this single Article.

Read alongside this one

Art. 266 — Consolidated Funds and Public Accounts

Frequently Asked

Quick answers about Article 112

What's the difference between 'charged' and other expenditure in the Budget?

'Charged' expenditure (like judges' salaries, the President's emoluments, and debt servicing) is automatically drawn from the Consolidated Fund without needing Parliament's specific annual vote — protecting certain expenses from being used as political leverage; other expenditure requires Parliament's explicit approval each year through the normal Budget voting process.

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The text above reproduces Article 112 of the Constitution of India as amended to date, for general educational reference. It is public-domain legislative text, but we recommend cross-checking the authoritative version at legislative.gov.in or india.gov.in before relying on it for a legal matter. The explanation, examples and FAQs are general information, not legal advice — consult a qualified advocate for guidance on your specific situation.