Constitution of India, 1949
112. Annual financial statement.-
(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 the Condition 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, and shall distinguish expenditure on revenue account from other
expenditure.
(3) The following expenditure shall be
expenditure charged on the Consolidated Fund of India-
(a) the emoluments and
allowances of the President and other expenditure relating to his office;
(b) the salaries and
allowances of the Chairman and the Deputy Chairman of the Council of States and
the Speaker and the Deputy Speaker of the House of the People;
(c) debt charges for
which the Government of India is liable including interest, sinking fund
charges and redemption charges, and other expenditure relating to the raising
of loans and the service and redemption of debt;
(d) (i) the salaries,
allowances and pensions payable to or in respect of Judges of the Supreme
Court,
(ii) the pensions
payable to or in respect of Judges of the Federal Court,
(iii) the pensions
payable to or in respect of Judges of any High Court which exercises
jurisdiction in relation to any area included in the territory of India or
which at any time before the commencement of this Constitution exercises
jurisdiction in relation to any area included in a Governor’s Province of the
Dominion of India;
(e) the salary,
allowances and pension payable to or in respect of the Comptroller and Auditor-
General of India;
(f) any sums required
to satisfy any judgment, decree or award of any court or arbitral tribunal;
(g) any other expenditure
declared by this Constitution or by Parliament by law to be so charged.