A constitutional created account into which all public revenue is paid is called
Provident fund
Social Security Fund
Public Accounts Fund
Consolidated Fund
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The constitutional created account into which all public revenue is paid is called the Consolidated Fund.
The Consolidated Fund is a type of government account that is established by a country's constitution or legislation. It serves as the main account for all government revenue and is used to meet the expenses of the government, such as public debt payments, salaries of civil servants, and capital expenditures.
All revenue collected by the government, including taxes, fees, and other forms of income, are paid into the Consolidated Fund. Withdrawals from the fund can only be made through a specific authorization, such as a budget appropriation or legislative approval. This ensures that government expenditures are properly accounted for and that the funds are used for their intended purpose.
Overall, the Consolidated Fund is an important tool for promoting transparency and accountability in government finances.
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