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 (2)

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 (6)

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