A fund in which undisclosed assets are held for future use, especially by a government department or other statutory authority.
the $1.2 billion surplus was one of the juiciest hollow logs available to any government in Australia
Example sentencesExamples
- So long as a gold stock is not a "hollow log", stocks in the gold sector appear poised for further gains.
- This financial bonanza for the institution is a handsome contribution to a hollow log.
- Each department was setting up their own hollow log accounts, trying to hide things and spend money as it suited them.
- The failure to stop successive governments from raiding hollow logs is perhaps a major indictment.
- After all their parking meter teams - not content with charging citizens to park in front of their own houses - are seeking out every hollow log to find revenue.
- There will be barely a hollow log left in Canberra after this cash bonanza.
- We can just sit and hope that there is a hollow log somewhere which can preserve the banks' liquidity.
- The Queensland Government has at least $20m stuffed away in a hollow log from that source alone.
- It's one of the last great government's hollow logs.
- The government has now largely milked the budget of accounting fiddles and hollow logs.