Public Account of India
E545556
The Public Account of India is a government account that records funds held in trust, such as provident funds and small savings, which do not require parliamentary approval for withdrawal.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
government account
ⓘ
public financial fund ⓘ |
| administeredBy |
Department of Economic Affairs
NERFINISHED
ⓘ
Ministry of Finance, Government of India NERFINISHED ⓘ |
| auditedBy | Comptroller and Auditor General of India NERFINISHED ⓘ |
| budgetClassification | outside the Consolidated Fund of India ⓘ |
| cashFlowsType | non-governmental funds ⓘ |
| cashManagement | operated through government banking arrangements ⓘ |
| classification | non-votable funds ⓘ |
| constitutionalBasis | Article 266(2) of the Constitution of India ⓘ |
| controlledBy | executive government ⓘ |
| country | India ⓘ |
| distinctFrom |
Consolidated Fund of India
NERFINISHED
ⓘ
Contingency Fund of India NERFINISHED ⓘ |
| distinguishedBy | withdrawals are made according to rules framed by the executive, not by appropriation acts ⓘ |
| includes |
deposits of local bodies and other entities
ⓘ
other trust funds ⓘ postal savings ⓘ public provident fund ⓘ reserve funds ⓘ small savings collections ⓘ state provident funds ⓘ |
| includesLiabilities |
provident fund liabilities
ⓘ
small savings liabilities of the government ⓘ |
| legalNature | trust account ⓘ |
| maintainedBy | Government of India NERFINISHED ⓘ |
| notOwnedBy | Government of India NERFINISHED ⓘ |
| ownership | belongs to depositors and contributors ⓘ |
| parliamentaryControlForm | no annual appropriation vote for withdrawals ⓘ |
| parliamentaryOversight | through audit reports and committee reviews ⓘ |
| partOf | Consolidated Fund framework of India NERFINISHED ⓘ |
| purpose |
to hold funds that do not belong to the government
ⓘ
to record transactions where the government acts as a banker or trustee ⓘ |
| recordedIn | Union government accounts ⓘ |
| recordType | funds held in trust ⓘ |
| relatedConcept |
Union Budget of India
NERFINISHED
ⓘ
government accounting in India ⓘ public debt of India ⓘ |
| reportingFrequency | reported annually in Union government finance accounts ⓘ |
| requiresParliamentaryApprovalForAppropriation | no ⓘ |
| requiresParliamentaryApprovalForReceipt | no ⓘ |
| requiresParliamentaryApprovalForWithdrawal | no ⓘ |
| sectorCoverage | central government ⓘ |
| transactionType |
deposits
ⓘ
withdrawals ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Appropriation Bill (India)