(2) The financial year shall be twelve months beginning from July 1, and ending on June 30 the other year. General Budget Proposal, Estimates and Related Bills 88. (1) The President shall cause to be presented to the National Legislative Assembly before the beginning of the financial year, a bill on the general budget, including: (a) (b) (c) (d) a general evaluation of the economic and financial performance and situation; detailed estimates of proposed revenue and expenditure for the forthcoming year compared to those of the previous financial year; a statement of the general budget, any reserve funds, transfers thereto or allocations therefrom; and explanations of any special budgets or financial estimates, policies or measures to be taken by the National Government in the financial and economic affairs within the framework of the general budget. (2) The President shall cause to be submitted to the National Legislative Assembly proposals of total expenditure entered into the budget as an appropriation bill and proposals for taxes, fees and other levies as well as borrowing, investment or saving bonds as financial bills. (3) The National Legislative Assembly shall discuss, and may amend, reject or adopt the general budget bill chapter by chapter including schedules, and it shall thereafter pass the appropriation bill in its totality. (4) Where the bill is passed, detailed estimates as specified in the general budget shall not be exceeded save by a supplementary law. (5) Surplus funds over revenue estimates and funds out of the legal reserve shall not be spent save by a supplementary appropriation law. (6) After the passing of the budget, no funds shall be transferred from one chapter to another, nor shall any money be spent on an item that is not provided for in the budget without the approval of the National Legislative Assembly. (7) In the event that the National Legislative Assembly fails to pass the budget bill within a period of forty-five days, the President shall issue a presidential decree on the budget for that year, and such budget shall be deemed to have been passed by the National Legislative Assembly in accordance with the provisions of this Constitution. Private Member Financial Bill 89. (1) No member of the National Legislative Assembly, outside the context of the deliberations of the draft general budget, shall introduce any financial bill or move any amendment to a bill having the object or effect of abolishing, imposing 29