Consolidated Fund of India

E126568

The Consolidated Fund of India is the chief government account into which all revenues received, loans raised, and money received in repayment of loans by the Union Government are credited and from which most public expenditure is made.

All labels observed (4)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf government fund ⓘ
public financial account ⓘ
administeredBy Controller General of Accounts ⓘ
Department of Economic Affairs ⓘ
alsoKnownAs India’s chief government account ⓘ
auditedBy Comptroller and Auditor General of India ⓘ
beneficiary Government of India ⓘ
category Government accounts of India ⓘ
Indian public finance ⓘ
classification core account of the Union Government ⓘ
constitutionalProvision Article 266 of the Constitution of India ⓘ
controlledBy Ministry of Finance of India ⓘ
linked to: Ministry of Finance
country India ⓘ
covers expenditure on civil administration ⓘ
expenditure on defence ⓘ
expenditure on subsidies and development programmes ⓘ
interest payments on government debt ⓘ
salaries and pensions of Union Government employees ⓘ
creditedWith all revenues received by the Union Government ⓘ
loans raised by the Union Government ⓘ
money received in repayment of loans by the Union Government ⓘ
currency Indian rupee ⓘ
distinguishedFrom Contingency Fund of India used for urgent unforeseen expenditure ⓘ
Public Account of India which holds funds in trust ⓘ
excludes Contingency Fund of India ⓘ
Public Account of India ⓘ
expenditureAuthorizedThrough Appropriation Acts ⓘ
expenditureBasedOn Annual Union Budget ⓘ
expenditureRequires parliamentary approval ⓘ
governedBy budgetary process of the Union Government ⓘ
includes non-tax revenues of the Union Government ⓘ
proceeds of government borrowing ⓘ
repayment of loans to the Union Government ⓘ
tax revenues of the Union Government ⓘ
isPartOf public finances of India ⓘ
legalBasis Constitution of India ⓘ
levelOfGovernment Union ⓘ
maintainedBy Union Government of India ⓘ
linked to: Union Government
oversightBy Public Accounts Committee of Parliament ⓘ
purpose to finance the expenditure of the Union Government ⓘ
to receive all revenues and loans of the Union Government ⓘ
relatedFund Consolidated Fund of a State in India ⓘ
requires annual appropriation by Parliament for withdrawal ⓘ
requiresAuthorizationBy Parliament of India ⓘ
subjectTo constitutional safeguards ⓘ
parliamentary oversight ⓘ
usedFor most public expenditure of the Union Government ⓘ

How these facts were elicited

Referenced by (16)

Full triples — surface form annotated when it differs from this entity's canonical label.

Comptroller and Auditor General of India → budgetChargedOn → Consolidated Fund of India ⓘ
Finance Commission of India → relatedTo → Consolidated Fund of India ⓘ
Finance Commission of India → relatedTo → Consolidated Fund of a State in India ⓘ
linked to: Consolidated Fund of India
Consolidated Fund of India → relatedFund → Consolidated Fund of a State in India ⓘ
linked to: Consolidated Fund of India
Appropriation Bill (India) → fundSource → Consolidated Fund of India ⓘ
subject linked to: Appropriation Bill
Article 112 of the Constitution of India → concerns → Consolidated Fund of India ⓘ
Finance Act (India) → relatedTo → Consolidated Fund of India ⓘ
Vote on Account (India) → fundSource → Consolidated Fund of India ⓘ
Public Account of India → partOf → Consolidated Fund framework of India ⓘ
linked to: Consolidated Fund of India
Public Account of India → distinctFrom → Consolidated Fund of India ⓘ
Contingency Fund of India → replenishmentSource → Consolidated Fund of India ⓘ
Contingency Fund of India → relatedConcept → Consolidated Fund of India ⓘ
Government accounts of India → includesFund → Consolidated Fund of India ⓘ
Part XII of the Constitution of India → governs → Consolidated Fund of India ⓘ
Article 114 of the Constitution of India → relatesTo → Consolidated Fund of India ⓘ
Public Finance Management Act 2012 → establishes → Consolidated Fund ⓘ
linked to: Consolidated Fund of India