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previous fiscal year and particulars of whether or not the objectives of the expenses
have been achieved.
(3) The Minister for Finance of the Government of Nepal shall lay before the
Federal Parliament an estimate of revenues and expenditures referred to in clause (1)
on the 15th of Jeshta (mid May) each year.
120.
Appropriation Act: The moneys to be spent under an Appropriation Act shall be
specified under concerned heads in the Appropriation Bill.
121.
Supplementary Estimate: (1) The Minister for Finance of the Government of Nepal
may lay before the House of Representatives a supplementary estimate in case it is
found in any fiscal year:(a)
That the sum authorized to be spent for a particular service by the
Appropriation Act for the current fiscal year is insufficient, or that a
need has arisen for expenditures on some new service not provided
for in the Appropriation Act for that year; or
(b)
That the expenditures made during that fiscal year are in excess of the
amount authorized by the Appropriation Act.
(2) The sums included in the supplementary estimate shall be specified under
the related heads in a Supplementary Appropriation Bill.
122.
Votes on Account: (1) Notwithstanding anything contained elsewhere in this Part, a
portion of the expenditure estimated for the fiscal year may, when an Appropriation
Bill is under consideration, be incurred in advance, as provided for in Federal Act.
(2) No Vote on Account Bill shall be introduced until the estimates of revenues
and expenditures have been laid pursuant to Article 119, and the sums involved in the
Vote on Account shall not exceed one-third of the estimate of expenditures for the
fiscal year.
(3) The expenditures incurred in accordance with the Federal Vote on Account
Act shall be included in the Appropriation Bill.
123.
Votes of Credit: Notwithstanding anything contained elsewhere in this Part, in case
owing to an emergency due to either natural causes or a threat of external aggression
or internal disturbances or other reasons, it appears to be impractical or inexpedient in
view of the security or interest of the State to specify the details required pursuant to
65
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