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.
References in periodicals archive ?
The problem with the consolidated revenue fund is that there's a national debt that's close to $600 billion.
Therefore, it is clear that despite the creation of a new Canada Employment Insurance Financing Board, the payment of benefits to eligible workers continues to be made from the consolidated revenue fund through the El account.
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.
The BHCPF will be financed with not less than 1% Consolidated Revenue Fund (CRF) of the Federal Government of Nigeria and other sources.
Yerima Ngama, will help in prompt remittance of revenue to the Consolidated Revenue Fund Account.
Subsection 30(1) requires the Minister of Finance to authorize the payment of judgments out of the Consolidated Revenue Fund.
Deputy Governor of Lagos state, Oluranti Adegbule, briefed on the final report on the Forensic Audit of Revenue Accrued from Revenue Generating Agencies (RGAs) into Federation Account (FA), Excess Crude Account (ECA) and Consolidated Revenue Fund (CRF).
The amended standing order said: "That this House will receive no petition for any sum of money relating to the public service or proceed upon any Motion for granting any money, whether payable out of the Consolidated Revenue Fund or out of monies to be provided by Parliament, unless recommended from the Crown.
He noted that the source of funding for the Seven km road from Liverpool to Mile2 should be from Consolidated Revenue Fund (CRF), while the FMPW and H should provide technical expertise.
In the approved budget, the House authorised the sum of N347,038,938, 872bn as a total recurrent expenditure from the Consolidated Revenue Fund and the sum of N699,082,242,808 bn as the total capital expenditure from the Development Revenue Fund for the year ending December 31, 2018.

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