Consolidated Fund of India is a constitutionally recognized Fund created for parking the identified revenues of the central government.
The existence of the Consolidated Fund of India (CFI) flows from Article 266 of the Constitution. All revenues received by Government, loans raised by it, and also its receipts from recoveries of loans granted by it form the Consolidated Fund. All expenditure of Government is incurred from the Consolidated Fund of India and no amount can be drawn from the Consolidated Fund without authorization from Parliament. All loans obtained from foreign governments and international institutions (external debt) are credited into this fund.
