Question

Performance information (from performance budgeting) can be used in each of the four stages of the federal budget process, how?

Answer 1

Answer:

A performance budget is one that relects both the inputs of resources and the output of services for each unit of an organisation this type f budget is commonly used by government bodies nad agencies to show the link between taxpayer funds and the outcome of service provided by federal, state or local government.

Federal budget is the government's estimate of revenue and spending for each fiscal year. Like a family budget, the federal budget itemizes expenditure of public funds for the upcoming fiscal year. other spending is discretionary and will get approved or dissapproved through the passage of appropiration of bills.

Relation:

Performance budget allows for better cost estimates.

Performance budet enables companies to alocate funds to various projects by their importance.

The public sector, for instance, has to show citizens that their money is well spent.