TYPES OF MONEY BILLS

TYPES OF MONEY BILLS

1.     Annual Financial Statement:

At the beginning of every financial year, the President causes to be laid before both Houses, a statement of estimated receipt and expenditure for the ensuing year. Expenditure is of two types:

1.     Expenditure charged on the Consolidated Fund of India, which is not subject to vote of Parliament, although it can be discussed by both Houses

2.     Expenditure charged outside the Consolidated Fund, which are submitted to the Lok Sabha in the form of grants, which may or may not approve them.

2.     Appropriation Bill:

After the grants are approved by the Lok Sabha, an Appropriation Bill is introduced.

1.     Appropriations out of the Consolidated Fund of India can be made only after passage of the Appropriation Bill.

                  2.     This Bill is never opposed in the Lok Sabha.

3.     Since the grants have already been approved, the discussion is limited to administrative policy etc

4.     No amendments are possible at this stage