/akn/sg/act/bill/2022/8

Supply Bill

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Clause 1

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Clause 1

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

Clause 2

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Clause 2

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

Clause 3

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Clause 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.

Subclause 1

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Subclause 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.

Subclause 2

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Subclause 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.

Subclause 3

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Subclause 3

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

Clause 4

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Clause 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.

Subclause 1

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Subclause 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.

Subclause 2

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Subclause 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.

Subclause 3

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Subclause 3

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

Clause 5

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Clause 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.