President's Concurrence with Resolution on Government Securities

Debated in Parliament on 9 Jan 2017.

Summary written by AI (learn more)

The President has concurred with a resolution passed by Parliament on 10 November 2016 to authorize the Minister for Finance to borrow up to S$200 billion in Government Securities under the Government Securities Act.
The resolution increases the total borrowing limit for Government Securities to S$690 billion, in accordance with Article 144(1)(a) of the Constitution.
This authorization is based on the legal framework provided by the Constitution and the Government Securities Act, ensuring proper governance of public borrowing.
The decision was formally announced by the President on 23 November 2016, following parliamentary approval.
The debate focused on the procedural and legal aspects of the resolution, with no substantive opposition or alternative proposals presented.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

The President has on 23 November 2016 concurred with the following resolution on Government Securities, passed by Parliament on 10 November 2016:

"That this Parliament, in accordance with Article 144(1)(a) of the Constitution of the Republic of Singapore and section 11(1) of the Government Securities Act (Chapter 121A of the 2014 Revised Edition), resolves that the Minister for Finance be authorised to borrow, by the issue of Government Securities in Singapore under that Act, a further sum not exceeding Two Hundred Thousand Million Singapore Dollars (S$200,000,000,000), thereby in total a sum not exceeding Six Hundred and Ninety Thousand Million Singapore Dollars (S$690,000,000,000)."

[Mdm Speaker in the Chair]

Summary written by AI (learn more)

The President has concurred with a resolution passed by Parliament on 10 November 2016 to authorize the Minister for Finance to borrow up to S$200 billion in Government Securities under the Government Securities Act.
The resolution increases the total borrowing limit for Government Securities to S$690 billion, in accordance with Article 144(1)(a) of the Constitution.
This authorization is based on the legal framework provided by the Constitution and the Government Securities Act, ensuring proper governance of public borrowing.
The decision was formally announced by the President on 23 November 2016, following parliamentary approval.
The debate focused on the procedural and legal aspects of the resolution, with no substantive opposition or alternative proposals presented.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

President's Concurrence with Resolution on Government Securities | PAPERCUTS

President's Concurrence with Resolution on Government Securities

Debated in Parliament on 9 Jan 2017.

Summary written by AI (learn more)

The President has concurred with a resolution passed by Parliament on 10 November 2016 to authorize the Minister for Finance to borrow up to S$200 billion in Government Securities under the Government Securities Act.
The resolution increases the total borrowing limit for Government Securities to S$690 billion, in accordance with Article 144(1)(a) of the Constitution.
This authorization is based on the legal framework provided by the Constitution and the Government Securities Act, ensuring proper governance of public borrowing.
The decision was formally announced by the President on 23 November 2016, following parliamentary approval.
The debate focused on the procedural and legal aspects of the resolution, with no substantive opposition or alternative proposals presented.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

The President has on 23 November 2016 concurred with the following resolution on Government Securities, passed by Parliament on 10 November 2016:

[Mdm Speaker in the Chair]

Summary written by AI (learn more)

The President has concurred with a resolution passed by Parliament on 10 November 2016 to authorize the Minister for Finance to borrow up to S$200 billion in Government Securities under the Government Securities Act.
The resolution increases the total borrowing limit for Government Securities to S$690 billion, in accordance with Article 144(1)(a) of the Constitution.
This authorization is based on the legal framework provided by the Constitution and the Government Securities Act, ensuring proper governance of public borrowing.
The decision was formally announced by the President on 23 November 2016, following parliamentary approval.
The debate focused on the procedural and legal aspects of the resolution, with no substantive opposition or alternative proposals presented.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

President's Concurrence with Resolution on Government Securities

Summary

Questions Identified

Full Transcript

[Mdm Speaker in the Chair]

Summary

Questions Identified

President's Concurrence with Resolution on Government Securities

Summary

Questions Identified

Full Transcript

[Mdm Speaker in the Chair]

Summary

Questions Identified