A Money Bill is a form of legislation that pertains exclusively to financial matters such as taxation, government spending, borrowing, and other fiscal policies. The definition of a Money Bill and the process for its passage are typically laid out in a country’s constitution. For example, in India and the United Kingdom, only the lower house of parliament can introduce and pass a Money Bill, while the upper house can only review and recommend changes. This ensures that the executive branch of the government, which controls the lower house, has greater control over financial matters. The purpose of a Money Bill is to establish or modify financial policy, such as revenue generation, appropriation of funds, and expenditures by the government.
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