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Outcome and Performance Budgets #OutcomeAndPerformanceBudgets

Outcome Budgets – presented by different departments and divisions of a ministry or the government.

o It is a micro level process.

Performance Budget – 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.

o It is presented by the Ministry of Finance on behalf of the government.
o It is a macro level process.
o There are many outcome budgets in any one performance budget.

  Both go for ‘quantitative’ as well as ‘qualitative’ progress reports of the performance.

  Basic objective of such budgeting – to bring in transparency and thereby making the government more and more responsible to the House and the public.

  Naturally, they bring in prudence and optimization elements in public spending.

 

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