Parliamentary control of public finance

It shall not be lawful for the Crown, except by or under an Act of Parliament,— a to levy a tax; or b to borrow money or to receive money borrowed from any person; or c to spend any public money. 1977 No 65 ss 53(1), 70; Bill of Rights art 4 (UK) Section 22(b) : substituted , on 25 January 2005 , by section 37(1) of the Public Finance Amendment Act 2004 (2004 No 113).