APPROPRIATION BILL Meaning and
Definition
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An appropriation bill is a legislative instrument that authorizes the expenditure of public funds for a particular period of time, typically one fiscal year. It is crucial for a government's financial management as it outlines the specific amounts of money allocated for various government programs, projects, and departments. This bill is typically presented and approved by the legislative body, such as a parliament or congress, before funds can be allocated.
The main purpose of an appropriation bill is to ensure that government spending is authorized, planned, and ultimately controlled by elected officials. It provides a legal framework for how public funds are allocated, helping to prevent misuse or abuse of resources. This allows for proper financial management and accountability within the government.
The appropriation bill details both revenue sources and expenditure plans, which may include items such as education, healthcare, infrastructure development, defense, and various other public services. It typically outlines the specific amounts of money allocated for each sector, as well as any conditions or limitations attached to the funding. The bill often undergoes intense scrutiny and debate during the legislative process, as lawmakers assess the proposed allocations and make adjustments accordingly.
Overall, an appropriation bill serves as a foundational instrument for government financial planning and accountability. It plays a crucial role in ensuring that public funds are allocated efficiently, transparently, and in line with the priorities and needs of the society it serves.
Common Misspellings for APPROPRIATION BILL
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Etymology of APPROPRIATION BILL
The term "appropriation bill" originated from the word "appropriate", which comes from the Latin word "appropriare". "Appropriare" is a combination of the prefix "ad-" meaning "to" or "towards", and the word "proprius" meaning "one's own" or "special".
In English, the word "appropriate" initially meant to assign or attribute something to a particular person or purpose. Over time, it evolved to specifically refer to the act of allocating funds or resources for a specific use. An "appropriation bill" is a legislative proposal that authorizes the government to allocate funds for various specific purposes outlined in the bill. It outlines how public money is to be allocated, thereby appropriating the funds for designated expenses.
Similar spelling word for APPROPRIATION BILL
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