Question

Difference between appropriation bill and finance bill

Answer 1

Hello..

An appropriation bill, also known as supply bill or spending bill, is a proposed law that authorizes the expenditure of government funds. It is a bill that sets money aside for specific spending. In most democracies, approval of the legislature is necessary for the government to spend money.

While a finance bill is a bill proposed in the parliament that contains provisions relating to revenue and expenses. The money bill is more like a government bill and can only be brought by a member of the government. While a Finance Bill can be brought in either house of the parliament.

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Answer 2

The finance bill consists of the money bill which is provided by the parliament in regards to the various proposal made for government. The Appropriation Bill gives authority to the government to use the money from the total funds for their expenses in the financial year

Explanation:

• Finance Bill is what the government provides to be spent in the financial year. It is introduced every year by the parliament and it  contains the proposals by the government in that financial year
• The finance bill contains the the modifications made to the various taxes and other subsidies of the government for the financial year. The fiance bill specifies on the income side of the budget for the expenditures to be made by the government
• The appropriation Bill refers to the spending aspect of the government. The money is spent on the welfare of the people in the country. The appropriation Bill cannot be altered or amended by the parliament whereas the finance bill can be referred for amendment.

To know more about finance bill

Distinguish between a money bill and a finance bill

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