Tax Book 2023

Constitutional Provisions Chapter- 03

recruitment and the conditions of service, of persons appointed to the secretarial staff of the

National Assembly or the Senate.

1.1 2 Finance committees [Under Article 88]

The expenditure of the National Assembly and the Senate within authorised appropriations

shall be controlled by the National Assembly or, as the case may be, the Senate acting on the

advice of its Finance Committee.

The Finance Committee shall consist of the Speaker or, as the case may be, the Chairman, the

Minister of Finance and such other members as may be elected thereto by the National

Assembly or, as the case may be, the Senate.

The Finance Committee may make rules for regulating its procedure.

2 PROVINCIAL FINANCIAL PROCEDURES

2.1 Introduction

Provincial financial Procedures are almost the same as Federal Financial Procedures; however,

these are discussed in detail as under:

2.2 Provincial consolidated fund and public account [Under Article 118]

All revenues received by the Provincial Government, all loans raised by that Government, and

all revenues received by the Provincial Government, all loans raised by that Government, and

all moneys received by it in repayment of any loan, shall form part of a consolidated fund, to be

known as the Provincial Consolidated Fund.

All other moneys:

 received by or on behalf of the Provincial Government; or

 Received by or deposited with the High Court or any other court established under the

authority of the Province;

shall be credited to the Public Account of the Province.

2.3 Custody, etc., of provincial consolidated fund and public account [Under Article 119]

The custody of the Provincial Consolidated Fund, the payment of moneys into that Fund, the

withdrawal of moneys there from, the custody of other moneys received by or on behalf of the

Provincial Government, their payment into, and withdrawal from, the Public Account of the

Province, and all matters connected with or ancillary to the matters aforesaid, shall be regulated

by Act of the Provincial Assembly or, until provision in that behalf is so made, by rules made by

the Governor

2.4 Annual budget statement [Under Article 120]

The Provincial Government shall, in respect of every financial year, cause to be laid before the

Provincial Assembly a statement of the estimated receipts and expenditure of the Provincial

Government for that year, in this Chapter referred to as the Annual Budget Statement.

The Annual Budget Statement shall show separately:

The sums required to meet expenditure described by the Constitution as expenditure charged

upon the Provincial Consolidated Fund; and

The sums required to meet other expenditure proposed to be made from the Provincial

Consolidated Fund; and shall distinguish expenditure on revenue account from other

expenditure.

2.5 Expenditure charged upon provincial consolidated fund [Under Article 121]

The following expenditure shall be expenditure charged upon the Provincial Consolidated Fund:

The remuneration payable to the Governor and other expenditure relating to his office, and the

remuneration payable to: