Performance budegting stands for ........

Economic Affairs Public Finance and Debt Management

Download Solution PDF

Performance budegting stands for:

An item under budget that does not perform in the last year is removed from budget in the succeeding year

Prioritising funding to various heads according to their relative performance

Allocation of funds are based on their potential results.

None

छोटे Courses बड़े Results

Master Public Finance and Debt Management

Prepare through Micro-courses

Try Now

Explanation:

3rd option is correct.
Performance budget is a budget that reflects the input of resources and the output of services for each unit of an organization. This type of budget is commonly used by the government to show the link between the funds provided to the public and the outcome of these services.