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2nd Reading
Ministry of Finance

Supply Bill

Bill Summary

  • Purpose: Second Minister Ms Indranee Rajah moved the Bill to seek legislative approval for the appropriation of funds from the Consolidated Fund and the Development Fund to meet estimated government expenditure for the financial year from 1 April 2023 to 31 March 2024, as required by Article 148(1) of the Constitution.
Reading Status 2nd Reading
1st Reading Wed, 22 February 2023
Introduction — no debate
2nd Reading Mon, 6 March 2023

Bills proceed through first reading, second reading, committee stage, third reading, and presidential assent before becoming law.

How a bill becomes law ↗

Members Involved

Indranee Rajah (Minister, Prime Minister's Office and Second Minister for Finance and National Development and Leader of the House)

Transcripts

First Reading (22 February 2023)

"to provide for the issue from the Consolidated Fund and the Development Fund of the sums necessary to meet the estimated expenditure for the financial year 1 April 2023 to 31 March 2024",

recommendation of President signified; presented by the Second Minister for Finance (Ms Indranee Rajah); read the First time; to be read a Second time after the conclusion of proceedings on the Estimates of Expenditure for FY2023/2024, and to be printed.

Second Reading (6 March 2023)

Order for Second Reading read.

4.04 pm

The Second Minister for Finance (Ms Indranee Rajah): Mr Speaker, I beg to move, "That the Bill be now read a Second time."

In accordance with Article 148(1) of the Constitution, Heads of Expenditure to be met from the consolidated fund and development fund, other than statutory expenditure have to be included in the Bill to be known as the Supply Bill. The purpose of the Supply Bill before Members, is to give legislative approval for the appropriations from the consolidated fund and development fund to meet the expenditure for the Financial Year, 1 April 2023 to 31 March 2024.

The Heads of Expenditure and the sums that may be incurred in respect of each Head, are shown in the Schedule to the Bill. These have been approved by the House in the Main and Development Estimates of Expenditure for the Financial Year, 1 April 2023 to 31 March 2024, as contained in Paper Cmd No 20 of 2023.

The Supply Bill, when approved, will empower the Minister to issue warrants, authorising Expenditure up to the amount of each Head as shown in the Bill to be paid out from the Consolidated Fund and Development Fund. Mr Speaker, I beg to move.

Question put, and agreed to.

Bill accordingly read a Second time.

Ms Indranee Rajah: Mr Speaker, I beg to move, "That the Bill be now read a Third time."

Question put, and agreed to.

Bill accordingly read a Third time and passed.