Question

How does the legislature act as the custodian of national purse?

Answer 1

• The legislature acts as the custodian of the national purse by controlling all financial matters of the state.
• It adopts an annual budget, approves taxes, and authorizes all government spending.
• The executive cannot collect or spend public funds without the authorisation of the legislature.
• It also reviews audit reports to verify that funds are used appropriately.
• The legislature uses these duties to maintain openness, accountability, and avoid the misuse of public funds.