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Supply Bill

Debated in Parliament on 7 Mar 2024.

Summary

  • The Supply Bill was presented by Second Minister for Finance, Ms. Indranee Rajah, to secure legislative approval for government expenditures for the financial year from April 1, 2024, to March 31, 2025.
  • The Bill includes specific Heads of Expenditure as outlined in the Schedule and has been pre-approved in the Main and Development Estimates of Expenditure.
  • Upon approval, the Bill will authorize the Minister to issue warrants for expenditure from the Consolidated Fund and Development Fund.
  • The Bill successfully passed the Second and Third readings with consensus in the assembly.

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Full Transcript

Order for Second Reading read.

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.

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.