Difference between Money Bill and Finance Bill
Difference between Money Bill and Finance Bill
Money Bill:
- Article 110 of Constitution of India deals with Definition of Money Bill.
- A Bill is said to be a Money Bill if it only contains provisions related to taxation, borrowing of money by the government, expenditure from or receipt to the Consolidated Fund of India.
- Bills that only contain provisions that are incidental to these matters would also be regarded as Money Bills
Finance Bill:
- A Bill that contains some provisions related to taxation and expenditure, and additionally contains provisions related to any other matter is called a Financial Bill.
- Therefore, if a Bill merely involves expenditure by the government, and addresses other issues, it will be a financial bill.
Who decides if a Bill is a Money Bill?
- The Speaker certifies a Bill as a Money Bill, and the Speaker’s decision is final.
- Also, the Constitution states that parliamentary proceedings as well as officers responsible for the conduct of business (such as the Speaker) may not be questioned by any Court.
| Basis
for Comparison |
Money Bill | Finance Bill |
| Introduction | Lok Sabha only | Category A bills (provisions of Article 110 (1) of the Constitution of India) are introduced in Lok Sabha while Category B (expenditure from Consolidated Fund of India) bills can be introduced in any of the two houses. |
| Power of Rajya Sabha | The power of Rajya Sabha is restricted. | Both Lok Sabha and Rajya Sabha has equal powers. |
| Joint Sitting | No provision of joint sitting | Provisions are there regarding joint sitting of Lok Sabha and Rajya Sabha. |
Note: Every money bill is a finance bill until and unless it is specified by the Speaker of the Lok Sabha as the money bill. Further, every finance bill is not the money bill.
Section : Polity & Governance
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