The fund created to receive all revenue raised by and granted to the state. All payments from it must be authorised by Parliament.
The whole-of-Government operating fund into which administered funds are paid, and from which the cost of the activities of Government are paid as appropriated by Parliament.
This is one big reservoir where the government pools all its funds together. The fund includes all government revenues, loans raised and recoveries of loans granted.
Made up of all revenues received by the government, loans raised by it, and also its receipts from recoveries of loans granted by it. All expenditure of the government is incurred from the consolidated fund and no amount can be withdrawn from the fund without authorisation from Parliament.
All revenues received by Government, the loans raised by it, and receipts from recoveries of loans granted by it, form the Consolidated Fund. All expenditure of Government is incurred from the Consolidated Fund and no amount can be withdrawn from the Fund without authorization from Parliament.
Consolidated Fund is the term used for the main bank account of the government in many of the countries in the Commonwealth of Nations.