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of <h1>Government Finances Must Follow Strict Constitutional Rules for Revenue, Loans, and Public Account Management Under Consolidated Fund</h1> The statutory provision establishes the framework for managing public finances in India. It mandates that all government revenues, loans, and loan repayments form a consolidated fund for both national and state levels. Public moneys are to be credited to respective public accounts. Appropriation of funds from these consolidated funds is permitted only in accordance with constitutional provisions and legal procedures.
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