1. Implementation and Effectiveness of Performance Based Budgeting.
- Author
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Shrestha, Selina
- Subjects
- *
BUDGET , *PUBLIC spending , *LITERATURE reviews , *CAPITAL budget , *BUDGET process - Abstract
Performance Based Budgeting is a popular budgeting method to manage public expenditure. Performance budgeting method aims to improve the performance for the desired outcomes. Various performance indictors help strengthen the budgeting processes. These indicators such as prioritization, transparency, accountability, efficiency and efficacy look promising to drive the outcomes. Therefore, organizations are drawn to use performance budgeting to elevate the standard of functioning through appropriate budget allocation. Across the national and international context, performance budgeting has been implemented and the analysis supported by the empirical literature helps understand the effectiveness of this budgeting method. The analysis includes the studies consistent with the emerging themes from the literature review from the different countries in mostly governmental settings and some in the higher education systems. The results indicate the effective implementation of performance budgeting in some settings and some countries while it helps understand the gaps in others places. A robust performance budgeting method can yield positive results that are helpful in improving the budgetary decisions. Performance budgeting offers structure and it requires commitment for effectiveness. The various sectors that have implemented the performance budgeting identify the importance of accountability in managing expenditure for the best interest of the organization and the stakeholders. The examination of the empirical literature helps understand the concepts of performance budgeting, its implementation, its effectiveness and the limitations. [ABSTRACT FROM AUTHOR]
- Published
- 2024