From this year outcome based budgeting would start for almost all social sector initiatives What is ...........

Economic Affairs Public Finance and Debt Management

From this year, outcome based budgeting would start for almost all social sector initiatives. What is outcome based budgeting?

Budgeting based on the relationship between funding and expected results.

Budgeting based on incurred expenses.

Budgeting based on experienced planning

Budgeting based on market price relationships.

छोटे Courses बड़े Results

Master Public Finance and Debt Management

Prepare through Micro-courses

Try Now

Explanation:

1st option is correct.

Outcome budgeting makes government programmes more result oriented, instead of outlay oriented. Under outcome budgeting, the document shows physical dimensions of the financial budget indicating the actual physical performance in the previous year, current year and targeted performance during the projected (next) year.