22. (i) The President shall in respect of every financial year cause to be laid before both Chambers of the Federal Legislature a statement of the estimated receipts and expenditure of that year called the “annual financial statement.”
(2) Such statement shall be so placed by a member of the Council of Ministers.
(3) The estimates of expenditure embodied in the annual financial statement shall be sub- mitted in the form of demands for grants to the House of Representatives and thereafter to the Senate, and either Chamber shall have power to assent or to refuse to assent to any demand, or to assent to any demand subject to a reduction of the amount specified therein.
(4) If the Chambers differ with respect to any demand the President shall summon the two Chambers to meet in a joint sitting for the purpose of deliberating and voting on the demand as to which they disagree, and the decision of the majority of the members of both Chambers present and voting shall be deemed to be the decision of the two Chambers.