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  Money held by the government in a trust such as in the case of Provident Funds, Small Savings collections, income of government set apart for expenditure on specific objects like road development, primary education, reserve/special Funds, etc are kept in the Public Account. Public Account funds do not belong to the government and have to be finally paid back to the persons and authorities that deposited them.    Parliamentary authorisation for such payments is not required. However, when money is withdrawn from the Consolidated Fund with the approval of Parliament and kept in the Public Account for expenditure for a specific purpose, it is submitted for a vote in Parliament.

Nirmala sitharamanAnurag thakurProvident fundPublic accountProvident fundsSmall savingsConsolidated fundReserve fundsMinister nirmala sitharamanMos finance anurag thakurNew delhiWhat is public accountPublic account meaningBudget newsPublic account definitionஅனுராக் தாகூர்