consolidated fund


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consolidated fund

the UK government's account at the BANK OF ENGLAND into which it pays its TAXATION and other receipts, and which it uses to make payments.
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References in periodicals archive ?
Andreas Charalambous, head of the finance ministry's financial stability division , told MPs that channelling part of the contributions to the Consolidated Fund was a temporary arrangement until the state recoups the e1/4175 million it loaned to the Cooperative Central Bank in 2015.
Therefore, the National Assembly has no oversight role on expenditures which are charged upon the federal consolidated fund, which are duly covered under Article 82 (1) of the Constitution.
A statement, made by Helen Liddell as Energy Minister on December 8, 1999, contains the following note: 'Under the 1994 Coal Industry Act, surpluses received by the DTI must be paid over to the Treasury's Consolidated Fund.
Now the money will be placed in a consolidated fund which can be used to the benefit of the community.
President Weah on Monday said in view of the very rapidly deteriorating situation of the economy, he was with immediate effect, reducing his salary and benefits by 25% and giving the proceeds back to the Consolidated Fund for Allocation and Appropriation as they see fit.
Attorney-general Costas Clerides' pension is paid into the government's consolidated fund.
All expenses to be charged to the Consolidated Fund of India (Funds available to the Lokpal will not be dependent on the annual budget voted by Lok Sabha).
Appearing on court's notice, Secretary Finance Waqar Masood told the bench that an amount of Rs 62 billion of Universal Service Fund (USF) was with commercial banks, which was later deposited in the Federal Consolidated Fund (FCF) after achieving consensus by the Finance Ministry.
THE public accounts committee ( PAC) has come down heavily on the finance ministry for bypassing Parliament in withdrawing money from the Consolidated Fund of India ( CFI) for interest payments on tax refunds.
43 crore from the Consolidated Fund of India for payment of expenses relating to the period from 1st April to 31st July, 2013.
The eight pension institutions are negotiating to merge which would lead to one large consolidated fund to improve efficiency, returns and investments," Darwish al-Balushi, the sultanate's Minister for Financial Affairs told Reuters.
The 2012 consolidated fund appeal for South Sudan, which was initially $763 million, now stands at $1.

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