Noun
consolidated fund (plural consolidated funds)
(politics) In the Westminster system, the main bank account of the government, funded by general taxation and not earmarked for a specific purpose.
“We will soon transfer another ₹35,000 crore from the consolidated fund of India (CFI) to compensation cess fund in 2 instalments. Source: Internet
He said the funds for the budget support are always poured into the consolidated fund and can be spent on any development project. Source: Internet
The compensation for the land was required to be transferred to the consolidated fund of India, as the rightful owner of the land was the Defence Ministry,” said an official. Source: Internet
This is with the view to saving $65 million from the Consolidated Fund with respect to the SSA and $45 million with respect to the QEH. Source: Internet
The independence of the judiciary is also guaranteed by the constitutional requirement that the judges’ salaries are paid from the Consolidated Fund and thus the government may not diminish or amend them to their prejudice. Source: Internet