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English definition of “public account”

public account

noun [C]
 
 
BANKING, GOVERNMENT a bank account in which a government department or other government organization keeps its money: Parliamentary authorisation for payments from the Public Account is not required.
public accounts [plural] GOVERNMENT, FINANCE the set of official records that show the financial situation of government departments and what they have spent, received, borrowed, etc. in a particular period: At the end of the year, the objective of the government centred on balancing the public accounts, putting off growth.
(Definition of public account from the Cambridge Business English Dictionary © Cambridge University Press)
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