Supply Bill - Singapore Statutes Online

Supply Bill

Bill No. 3/2021

Read the first time on 24 February 2021.

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 2021 to 31 March 2022.

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 2021 and comes into operation on 1 April 2021.

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 $101,419,929,300 is authorised to be issued from the Consolidated Fund for the period starting 1 April 2021 and ending 31 March 2022.

(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 $10,653,283,400.

(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 $32,406,628,900 is authorised to be issued from the Development Fund for the period starting 1 April 2021 and ending 31 March 2022.

(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 $356,716,600.

(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 (Cap. 109) 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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