China's New Constitution And International Problems

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The art of budgeting receipts and expenditures is admittedly difficult. Accordingly, the executive government is allowed much discretionary power in the way of making up the necessary deficiency by spending more than is sanctioned in the estimates as originally passed. But the consent of Parliament to the spending of this excess must be obtained at the beginning of the next session. And if this excess should be incurred, during times of emergency, when Parliament is not sitting and emergency me
...asures are necessary — for example, in the face of an insurrection or a war with a foreign state — then the sanction of Parliament is to be obtained seven days after its next opening.
Board of Audit As to the actual spending of the money voted by Parliament, all moneys to be issued or expended must first be approved by the Board of Audit. This board will prepare a statement of the actual receipts and expenditures for the past budget year, and the same will be submitted by the government to Parliament for approval.


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