Consider the following statements regarding the financial accountability of the executive to the Parliament: 1. Preparing and presenting the budget before Parliament for approval is a constitutional responsibility of the government. 2. The legislature can investigate the misuse of public funds based on the reports of the Comptroller and Auditor General (CAG) and the Public Accounts Committee (PAC). Which of the statements given above is/are correct?
Parliament, Lok Sabha, Rajya Sabha & Legislative Procedure — question ID 773
Options
A.
B.
Explanation
Both statements are correct. The budget process is a key constitutional mandate for executing government plans. Moreover, the legislature relies on audit reports of the CAG and findings of the PAC to scrutinize and check any financial irregularities or misappropriation of funds.