Singapore legislation

Section 166

of Monetary Authority of Singapore Act 1970

Section 166

Budget

Amended by31/2017

(1)

The Authority must, in every financial year, prepare a budget containing estimates of income and expenditure of the Authority for the ensuing financial year and a supplementary budget (if necessary) for any financial year and present them to the President for his or her approval under Article 22B of the Constitution.

Amended by31/2017

(2)

The budget and supplementary budget (if any) when approved by the President must be published in the Gazette.