Supply Bill

Order for Second and Third Readings read.

Page: 2484

Mr Tharman Shanmugaratnam: Mr Speaker, Sir, 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 therefore to give legislative approval for the appropriations from the Consolidated Fund and Development Fund to meet the expenditure in the Financial Year, 1 April, 2012 to 31 March, 2013. 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, 2012 to 31 March, 2013, as contained in Paper Command No 2 of 2012.

The Supply Bill, when approved, will empower me 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.

Sir, I beg to move.

Question put, and agreed to.

Bill accordingly read a Second time.

Third Reading

Mr Tharman Shanmugaratnam: Mr Speaker, Sir, I beg to move, "That the Bill be now read a Third time."

Bill accordingly read a Third time and passed.