cover image: Appropriations and the business of supply

Premium

20.500.12592/4fjdfk

Appropriations and the business of supply

24 Sep 2004

The specific statute dealing with the granting of spending authority is in the Financial Administration Act (FAA), which states: “no payments shall be made out of the Consolidated Revenue Fund without the authority of Parliament.”(2) According to the Statutes of Canada, legislation dealing with the spending of public monies must originate in the House of Commons (not in the Senate) and must be ini [...] As a result, the government was often compelled to rush through the approval of the money bill near the end of the session. [...] In addition to these basic principles, supplementary rules and regulations have been added and have evolved over the years to ensure the observance of the basic guiding principles: • The Executive is responsible for the preparation of the estimates (departmental spending plans) and is accountable to Parliament for the spending of public funds made available to it. [...] B. Basic Steps of the Business of Supply The above principles, rules and regulations set the framework for the management of public finances and how the government secures permission to spend tax dollars. [...] This consolidated financial report of December the federal government is prepared each year by the Receiver General and tabled in the House of Commons by the President of the Treasury Board.
government politics budget public finance economy taxation finance appropriations audit civil law financial management financial statements government policy law tax bank parliament government budget public finances house constitution (law) bill (law) audits house of commons act auditor general of newfoundland and labrador expenditures, public appropriations bill (united states) appropriation bill dépenses publiques consolidated fund

Authors

Dupuis, Jean

Pages
22
Published in
Canada

Related Topics

All