Supply Bill
Ministry of FinanceBill Summary
- Purpose: The Bill seeks legislative approval for appropriations from the Consolidated Fund and the Development Fund to meet the estimated expenditure for the financial year from 1 April 2024 to 31 March 2025. Second Minister for Finance Indranee Rajah stated that the Bill empowers the Minister to issue warrants authorizing expenditure up to the amount for each Head as approved in the Main and Development Estimates.
Members Involved
Transcripts
First Reading (26 February 2024)
"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 2024 to 31 March 2025",
recommendation of President signified; presented by the Second Minister for Finance (Mr Chee Hong Tat); read the First time; to be read a Second time after the conclusion of proceedings on the Estimates of Expenditure for FY2024/2025, and to be printed.
Second Reading (7 March 2024)
Order for Second Reading read.
2.01 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 2024 to 31 March 2025.
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 2024 to 31 March 2025, as contained in Paper Cmd No 27 of 2024.
The Supply Bill, when approved, will empower the Minister to issue warrants, authorising expenditure up to the amount for 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.