Question

What happens if Union Budget does not get passed in LokSabha?
1. it can be passed through Rajyasabha
2. It can be reintroduced
3. President can pass the budget
4. the Prime Minister and the council of minister will resign

Answer 1

Correct Answer - Option 4 : the Prime Minister and the council of minister will resign

The correct answer is ​the Prime Minister and the council of the minister will resign.

If the Union budget is not passed by LokSabha

• It amounts that the government has lost the majority of the house(LokSabha)
• The Prime minister with the Council of Ministers has to resign.

Article-112

According to Article 112, the union budget, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year.

Note: Nowhere in the Indian Constitution word 'Budget' has been used.