public account Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “public account” in the English Dictionary

"public account" in Business English

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public accountnoun [C]

uk   us  
BANKING, GOVERNMENT a ​bankaccount in which a ​governmentdepartment or other ​governmentorganizationkeeps its ​money: Parliamentary ​authorisation for ​payments from the Public Account is not ​required.
public accounts [plural] GOVERNMENT, FINANCE the set of ​officialrecords that show the ​financialsituation of ​governmentdepartments 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 ​publicaccounts, putting off ​growth.
(Definition of public account from the Cambridge Business English Dictionary © Cambridge University Press)
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“public account” in Business English

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