What are some potential consequences of not having this rule in place?
If this rule were not in place, it could potentially lead to financial instability and difficulty in allocating resources for the state during times when the House of the People is not in session. The President would not have the authority to authorize expenditure from the Consolidated Fund of the State pending the sanction of such expenditure by Parliament. This could result in delays and disruptions in government operations and decision-making, leading to negative consequences for the state's economy and overall functioning.