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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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