Meaning of “public account” in the English Dictionary

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"public account" in Business English

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public accountnoun [ C ]

uk us

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)