Lok Sabha Passes The Appropriation Bill 2022
- Government to withdraw funds from the Consolidated Fund of India.
- This completes two-thirds of the budgetary exercise by the Lok Sabha.
- Lok Sabha will now discuss the Finance Bill, which contains the government’s tax proposals.
New Delhi: The Lok Sabha on Thursday passed the Demands for Grants and Appropriation Bill 2022, authorising the government to withdraw funds from the Consolidated Funds of India for its work as well as the implementation of programmes and schemes for the fiscal beginning April 1st. This completes two-thirds of the budgetary exercise by the Lok Sabha. The Appropriation Bill authorising payment and appropriation of specified sums from the Consolidated Fund of India for 2022-23 was introduced by Finance Minister Nirmala Sitharaman.
The bill was later approved by voice vote after rejecting several cut motions moved by opposition members. The Lok Sabha earlier discussed demands for grants of different ministries, including railways, road transport and highways, civil aviation, commerce and industry and port, shipping and waterways. The Lok Sabha will now discuss the Finance Bill, which essentially contains the government’s tax proposals. The budget exercise will complete with the passage of the Finance Bill.
After the passage, the Finance Bill enters the statute as the Finance Act and the final Budget gets approved. While guillotine literally is a large, weighted blade used for executing a condemned person, in legislative parlance, to ”guillotine” means to bunch together and fast-track the passage of financial business. It is a fairly common procedural exercise in the Lok Sabha during the Budget Session.