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Total Expenditure
The revised total expenditure for FY2002 is estimated
at $27.36 billion, an increase of $53 million or 0.2%
over actual FY2001 total expenditure. Of the total expenditure,
operating expenditure accounts for $19.52 billion or
71.3% and development expenditure for $7.83 billion
or 28.7%.
The revised FY2002 operating expenditure
is higher than actual FY2001 expenditure by $0.99 billion
or 5.3%. The increase is attributed mainly to MINDEF
($0.61 billion) and MOE ($0.11 billion). MINDEF’s
increase is due to overseas purchases and higher operating
costs. MOE’s increase is due to the full implementation
of the Education Service Professional Development and
Career Plan.
The revised FY2002 development expenditure
is lower than actual FY2001 development expenditure
by $0.93 billion or 10.7%. The decrease is attributed
mainly to MND ($0.69 billion), Ministry of Transport
($0.35 billion) and MTI ($0.28 billion). MND’s
decrease is due to HDB requiring a lower grant amount.
The decreases under MOT and MTI are due, respectively,
to the completion of major projects (including the North
East Line) and lower incentive grants for promotion
of industries.
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