consolidated fund


Also found in: Dictionary, Financial, Wikipedia.

consolidated fund

a government-maintained account with the Bank ofEngland to receive the public income of the state and to meet annual public expenditure. It pays the interest on the national debt.
References in periodicals archive ?
A similar government bill was defeated last year because it had not provided for income flows to the Consolidated Fund.
It also sought a direction to the MHA and the Jammu and Kashmir government asking them not to release/ provide any fund either from the Consolidated Fund of India or the state treasury under any heads or object.
Money paid from such penalties is paid into the Treasury's Consolidated Fund.
The Minister also proposed to increase the contribution to the Consolidated Fund from the Embarkation tax from the present one third to two thirds of the total collection through this levy.
The Indian government is to charge penal interest on state governments, if they delay the transfer of funds for more than 15 days from the Consolidated Fund of the States to the Implementation Entities (IEs).
Referring to the full-court sitting held on Jan 7, 2006, the SC registrar wrote to the PAC: "The remuneration payable to the judges of the Supreme Court Article 81 (a) and administrative expenses including the remuneration payable to officers and servants of the court Article 81 (b) are amounts which are charges upon the federal consolidated fund and same are not paid out of the public accounts of the federation.
The allocated of the much-needed fund comes hardly a month after the UN raised the 2012 consolidated fund appeal from $766m to $1.
27% and will be disbursed to the Consolidated Fund to support efforts by the government to reduce the public debt/GDP ratio and stimulate economic growth and development.
One of the ideas, which still needs discussion, is for dues from major international companies which produce oil to be placed into a special consolidated fund or, and perhaps together with that, for the insurance of such risks paid for by those corresponding dues,"
A dividend of pounds 4m was paid to the Exchequer's Consolidated Fund and therefore it is in the interests of the taxpayer to keep the 800-year-old institution in the public sector.
An Executive spokeswoman said: "The First Minister's pension will be paid from the Scottish Consolidated Fund.
The Government's share of any valuation surplus from the Mineworkers' Pension Scheme is released over a 10-year period and paid directly into the Consolidated Fund as Consolidated Fund Extra Receipts'.

Full browser ?