public funds
nounUK /ˈpʌblɪk fʌndz/
US /ˈpʌblɪk fʌndz/
Money that belongs to everyone and is used by the government to pay for things like schools and roads.
The new park was built with public funds.
RELATED WORDS
OTHER MEANINGS
2. Money collected by a government through taxes to pay for shared services.
Public funds pay for firefighters and libraries.
3. Money held by a charity or organization for the good of the community.
The charity used public funds to help families in need.
4. Money that anyone can see and check how it is spent.
The city must show how it spends public funds.