Budget 2020 Explainer: What Is Appropriation Bill?

Budget 2020: Appropriation Bill is a money bill that allows the government to withdraw funds from the Consolidated Fund of India to meet its expenses during the course of a financial year. As per article 114 of the Constitution, the government can withdraw money from the Consolidated Fund only after receiving approval from Parliament. To put it simply, the Finance Bill contains provisions on financing the expenditure of the governmen...