Definitions for "Consolidated fund"
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.