Appropriation legalizes the expenditure part of budget that govt. is going to do in coming next financial year.
Finance bill legalizes the revenue part of budget.thIS bill proposes how the money will be "financed" or collected. Contains taxation proposal.
these are some formalities without which govt. can't collect taxes or generate any income and also can't spend money despite being public.
Finance bill legalizes the revenue part of budget.thIS bill proposes how the money will be "financed" or collected. Contains taxation proposal.
these are some formalities without which govt. can't collect taxes or generate any income and also can't spend money despite being public.
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