16.

Development expenditure is projected at $12.9 billion or 7.8 per cent of GDP, an increase of $2.2 billion. This includes a provision of $979 million for new priority projects that may materialise in the course of FY2000. Of this, $200 million is held centrally by MOF while the remaining $779 million is allocated out to ministries based on their projected needs.

17.

The largest share of capital grants to statutory boards (excluding public housing subsidy) goes to the LTA for extension of the MRT system, construction of the North East Line, the Bukit Panjang and Sengkang LRT systems and road construction and improvement programmes. Other main recipients are educational institutions and aided schools for upgrading programmes and the National Science & Technology Board for financing and administering R&D projects.

18.

Capital expenditure for Public Housing is projected at $2.2 billion or 1.3 per cent of GDP. The bulk of the subsidy is for the HDB Upgrading Programmes, development of infrastructure within HDB New Towns and financing of HDB's bottom-line deficit.