Northern Ireland Consolidated Fund

E603875

The Northern Ireland Consolidated Fund is the main government account into which most public revenues for Northern Ireland are paid and from which public expenditure is authorized and disbursed.

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Statements (36)

Predicate Object
instanceOf government fund
public finance account
accountingStandard UK central government accounting rules
beneficiary residents of Northern Ireland
controlledBy Northern Ireland Executive NERFINISHED
country United Kingdom
currency Pound sterling
disbursesTo Northern Ireland Executive NERFINISHED
Northern Ireland departments NERFINISHED
programmes authorized by the Northern Ireland Assembly
expenditureAuthorizedBy appropriation acts of the Northern Ireland Assembly
follows Consolidated Fund model used in the United Kingdom
governedBy Northern Ireland public finance legislation
UK public finance law
hasCharacteristic centralized account for most Northern Ireland public money
expenditure must be authorized by law
jurisdiction Northern Ireland
legalBasis Northern Ireland Act 1998 NERFINISHED
budget and appropriation legislation of the Northern Ireland Assembly
managedBy Department of Finance (Northern Ireland) NERFINISHED
oversightBy Northern Ireland Assembly NERFINISHED
Public Accounts Committee of the Northern Ireland Assembly NERFINISHED
partOf public finances of the United Kingdom
purpose to provide a single account for most public revenues and expenditures of Northern Ireland
receivesFrom UK Consolidated Fund NERFINISHED
locally raised taxes and charges in Northern Ireland
other public revenues payable to the Northern Ireland Executive
relatedTo Scottish Consolidated Fund NERFINISHED
UK Consolidated Fund NERFINISHED
Welsh Consolidated Fund NERFINISHED
subjectTo audit by the Northern Ireland Audit Office
typeOfExpenditure devolved public services in Northern Ireland
typeOfRevenueIncluded block grant from the UK government
locally raised revenue
use financing public expenditure in Northern Ireland
holding public revenues for Northern Ireland

Referenced by (1)

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

Welsh Consolidated Fund relatedTo Northern Ireland Consolidated Fund