consolidated fund

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Related to Consolidated Revenue Fund: Consolidated Fund

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.
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References in periodicals archive ?
The Section states that, the Commission shall pay all monies accruing from the sales of Spectrum under Part 1 of Chapter VIII into the Consolidated Revenue Fund (CRF).
Nigeria : NCC remits N51.3b to Fed Govt in Q1 2019
81 All revenues or moneys raised or received by the Executive Government of the Commonwealth shall form one Consolidated Revenue Fund, to be appropriated for the purposes of the Commonwealth in the manner and subject to the charges and liabilities imposed by this Constitution.
Re-invigorating the accountability and transparency of the Australian government's expenditure
"The problem with the consolidated revenue fund is that there's a national debt that's close to $600 billion.
U.S. court rules trust funds mismanaged: bands holding federal government responsible
It should be stressed that the royal recommendation solely applies to "spending"--the withdrawal of public funds from the Consolidated Revenue Fund (CRF) (1).
Spending proposals: when is a royal recommendation needed?
The bureaucrats could not get beyond the absence of specific instructions about where to accumulate the money (Veterans Affairs funds or the Consolidated Revenue Fund) and the absence of instructions about interest or investment.
Disabled veterans win $4.6 billion interest claim
According to him, 'as a matter of fact, NAQS operates under Category B of the Fiscal Responsibility Act of 2008 and remits 25% of the User Fees to the consolidated revenue fund of the Federal Government.
NAQS Denies Extorting Money From Foodstuff Dealers
When the Legislature is dissolved, the Premier or designate is required to determine for each minister the number of days during the term, if any, on which the minister did not attend as required, assess a penalty of $500 for each day of non-attendance, and verify that the minister pays that amount into the Consolidated Revenue Fund.
Ontario
'The landmark adoption by the 8th Senate of the Federal Republic of Nigeria of the one per cent Consolidated Revenue Fund for the Basic Health Care Provision Fund (BHCPF) was a historic move toward achieving universal health coverage,' Saraki said.
Maternal Fatality, Stillborn Rates Reduced By 15% a NGO
Financial accountability framework directing the way government finances are to be governed, controlled and managed; Budgeting framework directing the way government activity is to be resourced; Appropriation framework authorising expenditure from the consolidated revenue fund; Cash management framework controlling and managing the funding required to enable government business to operate; Financial reporting framework reporting on financial results; Performance reporting framework evaluating performance; and Human resource management framework regulating how human resources in the Public Service are managed.
South Africa : Treasury on purchase of Integrated Financial Management System software licences
Subsection 30(1) requires the Minister of Finance to authorize the payment of judgments out of the Consolidated Revenue Fund. It is a continuing statutory appropriation that does not have to be renewed or supplemented by any further legislation in order to be effective.
Royal recommendation: an update
The most significant of it is the enactment of the financial autonomy of state legislatures and state judiciaries (fourth alteration, No.4) Act of 2018, which cleared the way for the funding of the Houses of Assembly and judiciary of the states, directly from the consolidated revenue fund of the federation.
A Distorted Restructuring?
The Fiscal Responsibility Commission (FRC) has approved the Nigeria Deposit Insurance Corporation (NDIC) for paying a net amount of N15.4 billion (around $7.6m) to the Consolidated Revenue Fund of the government.
Nigeria : FRC approves NDIC paying of N15.4 billion to Government Revenue Fund

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