Budgetary Powers

Getting the finances right

The Parliament's budgetary powers - or, as is often said, its "royal prerogative" – allow the State Parliament to decide how money derived from taxes, duties and charges should be spent. The State's budget, which details its revenue and spending, is approved by the State Parliament. In addition to its approval or rejection rights, the Parliament's budgetary powers also include the right to monitor government spending. The State Parliament scrutinises the financial activities of the state authorities by examining the budget accounts submitted at the end of the year by the Minister of Finance.