Supply Act 2022 - Singapore Statutes Online

REPUBLIC OF SINGAPORE

GOVERNMENT GAZETTE

ACTS SUPPLEMENT

Published by Authority

NO. 11]

Friday, March 25

[2022

The following Act was passed by Parliament on 11 March 2022 and assented to by the President on 23 March 2022:—

Supply Act 2022

(No. 12 of 2022)

I assent.

HALIMAH YACOB,

President.

23 March 2022.

Date of Commencement: 1 April 2022

An Act 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 2022 to 31 March 2023.

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

Short title and commencement

1. This Act is the Supply Act 2022 and comes into operation on 1 April 2022.

Interpretation

2. In this Act, “reserves” and “term of office” have the meanings given by the Constitution of the Republic of Singapore.

Supply from Consolidated Fund

3.—(1) A sum not more than $102,496,361,500 is authorised to be issued from the Consolidated Fund for the period starting 1 April 2022 and ending 31 March 2023.

(2) Under subsection (1), there shall be a drawing on the reserves not accumulated by the Government during its current term of office of a sum not exceeding $5,992,000,000.

(3) The sum in subsection (1) is appropriated for the Heads of Expenditure for the public service specified in the Schedule.

Supply from Development Fund

4.—(1) A sum not more than $27,773,627,400 is authorised to be issued from the Development Fund for the period starting 1 April 2022 and ending 31 March 2023.

(2) Under subsection (1), there shall be a drawing on the reserves not accumulated by the Government during its current term of office of a sum not exceeding $8,000,000.

(3) The sum in subsection (1) is appropriated for development purposes under the Heads of Expenditure specified in the Schedule.

Virement disapplied

5. Sections 17(4) and 17A of the Financial Procedure Act 1966 do not apply to any amount in section 3(2) or 4(2) that is to be drawn on the reserves not accumulated by the Government during its current term of office.

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