Question

“It is therefore imperative for the executive to obtain Parliamentary consent, both to raise money (revenue) and to spend it (disbursements)”. “It is therefore imperative for the executive to obtain Parliamentary consent, both to raise money (revenue) and to spend it (disbursements)”.
Discuss the validity or otherwise of the above statement from the 1992 constitution as far as Public Sector Finance is concern

Answer 1

The object of this act is to regulate the public sector finances which is made by ordinary people hard earned money deposited as taxes with the government. And thus it becomes imperative that the consent of members of the parliament is obtained in order to feel accountable about the money so raised and for the purpose it was raised.

The given statement is true. The executives have to obtain consent of the members of the parliament for the money that was raised and to spend it as well.