Which of the following is used to service all operations of government?
Answer Details
The answer is Consolidated Revenue Fund.
The Consolidated Revenue Fund is a central pool of money that the government uses to finance its operations and meet its financial obligations. It is made up of all the money the government collects through taxes, fees, and other sources of revenue.
All government expenses, such as salaries of government employees, healthcare, education, defense, and infrastructure development, are paid from the Consolidated Revenue Fund.
In simpler terms, the Consolidated Revenue Fund is like the government's bank account, from which all its expenses are paid. It is essential for the government to manage this fund properly to ensure that it can continue to provide services to the public and meet its obligations.