Annual Financial Reporting of the Use of Bus Services Enhancement Fund

Mr Pritam Singh asked the Minister for Transport whether his Ministry will publish an annual report in parallel with the public transport operators' annual financial reports with regard to the use of the $1.1 billion Bus Services Enhancement Fund so as to allow taxpayer scrutiny of the actual costs involved in the purchase and running of the additional buses by both operators.

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Mr Lui Tuck Yew: The Government's intention in creating the Bus Services Enhancement Fund is to safeguard the financial commitment for the Bus Services Enhancement Programme across terms of Government, and maintain transparency and accountability to the Parliament and general public. Existing legislation will already require annual financial reporting of the Fund to Parliament. Similar to the annual financial reports published by the public transport operators and other Government bodies, the expenditures under the Fund will therefore be public information.