Performance-based budgeting is the practice of developing budgets based on the relationship between program funding levels and expected results or anticipated outcome from that program. Performance-based budgeting is the allocation of funds based on program results that contribute to organizational goals. It refers to a single or a set of performance target(s) which must be achieved at a given expenditure level.
The Techno Brain Performance Based Budgeting System (PBBS) is a Web Based budgeting tool designed to help automate and streamline traditional budgeting processes as per Performance Based Budgeting guidelines. PBBS provides public sector organizations to automate all their core budget activities to operate efficiently, transparently and improve productivity, while meeting complex regulatory, budgetary requirements for effective accountability and service delivery, such as better strategic planning, effective cash flow control, a complete budget rules compliance, enhanced citizen services and document security.
