Supply Bill
Ministry of FinanceBill Summary
- Purpose: Senior Minister of State for Finance Indranee Rajah introduced the bill to obtain legislative approval for appropriations from the Consolidated Fund and the Development Fund to meet estimated government expenditure for the financial year from 1 April 2017 to 31 March 2018, in accordance with Article 148(1) of the Constitution, and to empower the Minister to issue warrants for the authorized spending.
Members Involved
Transcripts
First Reading (28 February 2017)
"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 2017 to 31 March 2018",
recommendation of President signified; presented by the Senior Minister of State for Finance (Ms Indranee Rajah); read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.
Second Reading (9 March 2017)
Order for Second and Third Readings read.
Mdm Speaker: Senior Minister of State Indranee Rajah.
The Senior Minister of State for Finance (Ms Indranee Rajah): Mdm 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, therefore, to give legislative approval for the appropriations from the Consolidated Fund and Development Fund to meet the expenditure in the Financial Year, 1 April 2017 to 31 March 2018. 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 2017 to 31 March 2018, as contained in Paper Cmd No 8 of 2017.
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. Madam, I beg to move.
Question put, and agreed to.
Bill accordingly read a Second time.
Ms Indranee Rajah: Mdm 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.