Performance Budgeting Discussion Chapter

Pages: 2 (580 words)  ·  Bibliography Sources: 2  ·  File: .docx  ·  Level: Master's  ·  Topic: Economics

Performance Budgeting

In the aftermath of the "Great Recession" state and local governments along with the federal government are facing the prospects of surging budget deficits and the concomitant budget cuts or tax and fee increases requisite to restore a semblance of budgetary balance. As Americans face the prospect of reduced governmental services or the increased costs to provide them, they are exerting pressure on government "to show that they are providing good value for the money" (OECD. March 2008). In this context, state and local governmental entities are embracing the performance budget as a method of answering the question "why is our state spending money the way it is" (the Pew Center. N.D.)? In asking this question policy leaders are looking to incorporate "outcome measures reflecting the results of delivering a program's product and services," to the traditional "output measures referring to the products or services that a program delivers" (U.S. GAO. February 2005). How state and local governments utilize performance budgeting and its success in driving value has significant connotations for usage of performance budgeting at the federal level.Get full Download Microsoft Word File access
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Discussion Chapter on Performance Budgeting Assignment

"Performance-driven budgeting is the process by which states use appropriate performance metrics to decide where and how they should spend their money to achieve desired results" (the Pew Center. N.D.). The trend in governmental policy making has been toward a comprehensive approach which utilizes informational metrics and incorporates the data "into the budget documents, but simply including information on performance in budget documents is a long way from performance budgeting" (OECD. March 2008). Of the advantages of performance budgeting is its flexibility of incorporation into budgetary considerations. In analyzing the use of performance budgeting, the Organization for Economic Co-Operation and Development emphasized three approaches which "link funds allocated to… [END OF PREVIEW] . . . READ MORE

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APA Style

Performance Budgeting.  (2011, February 10).  Retrieved February 28, 2021, from https://www.essaytown.com/subjects/paper/performance-budgeting/5144

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"Performance Budgeting."  10 February 2011.  Web.  28 February 2021. <https://www.essaytown.com/subjects/paper/performance-budgeting/5144>.

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"Performance Budgeting."  Essaytown.com.  February 10, 2011.  Accessed February 28, 2021.
https://www.essaytown.com/subjects/paper/performance-budgeting/5144.