An analytical assessment of working of Performance Budgeting in India, reveals that it has belied the hopes of its enthusiasts. It emphasizes the work to be done, not the number of clerks, pencils and paper to be used in doing that work.
The Administrative Reforms Commission also visualized the following benefits of Performance Budgeting: Following are some of the striking advantages of performance budgeting: The concept of Performance Budgeting originated in U.
It has made the budgeting less realistic and useful. The concept of Performance Budgeting has assumed significance in the recent past, as it constitutes an integral part of the processes of reform in financial administration.
It indicates who was responsible for what and earmarks authority for executing the work for the next year. Meaning of Performance Budgeting: In India, the movement for performance budgeting, gained momentum in the mid fifties.
The data available is not based on objective and true facts and likewise the targets fixed are not rational and the funds required to achieve the targets are not calculated in accordance with the scientific standards of cost measurement.
Sincethe United States Government adopted performance budget, many countries of Asia, Africa and Latin America opted for it as well. The Administrative Reforms Commission also suggested a reform in the accounting system.
It exhorted the Ministry of Finance to assume responsibility for introducing the system and give lead to the states in the matter. A performance budget should be made useful management tool for administrative and financial control for implementation of development programmes and for evaluating performance.
In an American expert, Frank W.
The governmental operations are presented in terms of functions, programmes, activities and projects. It may also facilitate the consideration of alternative courses of action for arriving at a specified goal of action. The O and M unit of the Ministry concerned can play a leading role in this respect.
In fact the performance budgeting is concerned with the ends to be served by the government rather than the expenditure incurred on several objects.Essay on Performance Budgeting | Finance | Public Administration.
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Essay Contents. Thesis Budgeting and fresh-air-purifiers.com - Ebook download as PDF File .pdf), Text File .txt) or read book online.
THE EFFECT OF BUDGETS ON FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES IN NAIROBI COUNTY By manufacturing companies in Nairobi County.
The study used cross-sectional research method showing actual performance against budget. Research output: Thesis › PhD Thesis - Research UT, graduation UT TY - THES T1 - The impact of the budgeting process on performance in small and medium-sized firms in China.
master thesis, 15ects budgeting and budgetary control process in a manufacturing organization case study: guinness nigerian plc. Performance-based budgeting (aka performance budgeting, outcome-based budgeting, budgeting for outcomes, etc.) is a budget framework that allocates funding based on each program’s success in achieving measurable outcomes or results.Download