What are the financial matters which require the approval of the provincial government before introducing them in the provincial assembly? What do you understand by a money bill?

A money bill or a bill or amendment which is enacted and brought into operation would involve expenditure from the provincial consolidated fund or withdrawal from the public account of the province shall not be introduced or move in the provincial assembly except by or with the consent of the provincial government

Money bill

A bill is one which provides for the imposition, abolition, alteration or regulation of any tax, imposed by the government. Money bill are also introduced in the assembly along with the budget. The pass through the same three readings as required for ordinary legislation. A money bill is presented with the consent of the provincial government. For the purpose of article 115, a bill or amendment shall be deemed to be a money bill if it contains provisions dealing with all or any of the following matters namely.

• The imposition, abolition, remission, alteration or regulation of any tax.
• The borrowing of money, or the giving of any guarantee, by the provincial government or the amendment of the law relating to the financial obligations of that government.
• The custody of the provincial consolidated fund, the payment of moneys into, or issue of money from, that fund.
• The imposition of the charge upon the provincial consolidated fund, or the abolition or alteration of any such charge.
• The receipt of moneys on account of the public account of the province, the custody or issue of such moneys and.
• Any matter incidental to any of the matter specified the preceding paragraphs.
• A bill shall not be deemed to be a money bill by reason only that it provides.
• For the imposition or alteration of any fine or other pecuniary penalty or for the demand or payment of a license fee or a fee or charge of any services regarded or.
• For the imposition, abolition, remission, alteration or a regulation of any tax by any local authority or body for local purposes.
• If any question arises whether a bill is a money bill or not, the decision of the speaker of the provincial assembly there on shall be final.
• Every money bill presented the governor for assent shall bear a certificate under the hand of speaker of the provincial assembly that it’s a money bill and such certificate shall be conclusive for all purposes and shall not be called in question.