8.3. Financial Bills

Commonly, any bill that relates to revenue or expenditure can be thought of as a Financial Bill. However, the term Financial Bill has been used in a technical sense in the Indian Constitution which makes it important to be understood clearly in relation to a money bill.

Only those Financial Bills can be money bills which bear the certificate of the Speaker of the Lok Sabha to that effect. Financial bills that do not receive the certificate of the Speaker can be of two types, as have been dealt with under Article 117 of the Indian Constitution:

1. First Class [Financial Bills under Article 117 (1)]: Bills that contain any of the matters specified in Article 110 but does not contain solely those matters.

2. Second Class [Financial Bills under Article 117(3)]: Any ordinary bill that contains provisions involving expenditure from the Consolidated Fund of India.