Consolidated Fund
TERM USED TO REFER TO THE MAIN BANK ACCOUNT OF THE GOVERNMENT IN CERTAIN COUNTRIES
Consolidated Revenue Fund; Consolidated fund; Consolidated Fund Services; National Loans Fund; Consolidated Fund of the United Kingdom; Consolidated Fund of India; General taxation; Central Fund Act; Central Fund (Permanent Provisions) Act 1965
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed to hypothecated taxes earmarked for specific purposes), and general spending is paid out of the consolidated fund.