In Pakistan, money held in the Public Account of the Federation generally consists of:
Correct answer: A. Public money other than Federal Consolidated Fund receipts
- A. Public money other than Federal Consolidated Fund receipts
- B. Only income collected through federal income tax
- C. Only loans raised by the federal government
- D. Only grants received from foreign governments
Explanation
The Public Account contains public money received by or deposited with the federal government other than amounts forming part of the Federal Consolidated Fund. It can include items such as provident funds and other trust-related balances.
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About Public Finance
Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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