Singapore legislation

Clause 18

Yearly statement of accounts

The Minister shall for the purpose of section 9 of the Audit Act, 1966 (Act of 1966), as soon as practicable after the end of every financial year prepare in respect of that year —

(a)

a full and particular statement of the Consolidated Revenue Account showing under the heads and subheads of the estimates laid before Parliament in accordance with the provisions of Article 84 of the Constitution in respect of that year the amounts estimated to be received and spent in that year and the amounts actually received and spent together with amounts actually received and spent under any heads and subheads not included in the estimates so laid;

(b)

a full and particular statement of the Consolidated Loan Account showing receipts and expenditure of any loan moneys;

(c)

a statement of receipts and expenditure of moneys accounted in any deposit account or class of deposit accounts;

(d)

a statement of receipts and expenditure of moneys accounted in any advance account or class of advance accounts;

(e)

a statement of receipts and expenditure of moneys accounted in any Government fund created by any law;

(f)

so far as is practicable, a statement of the assets and liabilities of Singapore at the end of the financial year, the manner in which those assets are invested or held, and the general heads in respect of which those liabilities are outstanding; and

(g)

such other statements as the Minister may think fit.

Read in full context — Financial Procedure Bill →