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President approves Government's 2014 Budget

Published on Mar 19, 2014 7:19 PM
 
President Tony Tan Keng Yam has approved the Government's Budget for the Financial Year beginning April 1. -- ST FILE PHOTO: ALPHONSUS CHERN

President Tony Tan Keng Yam has approved the Government's Budget for the Financial Year beginning April 1.

Disclosing this in a Facebook post on Wednesday, Dr Tan said the Council of Presidential Advisers had considered the proposed Budget and recommended that he assent to the Supply Bill, on the basis that the Budget is unlikely to draw on past reserves.

He said he had also been briefed by the Finance Ministry, and had exercised his discretionary power provided for under the Constitution to give his assent.

The President's green light paves the way for the Supply Bill to become law, and it will control how much the Government is allowed to spend, and on what, in FY2014.

 
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