Short paragraph on the Performance Budgeting:
A budget is a plan which covers all the phases of for a definite period of time into the future. The focus is always on proper use of funds by the organisation as a whole. Performance budgeting on the other hand is not only a financial plan but also a work plan in terms of work done or products produced. It gives a broader view to the budget as a plan and programme of action rather than only an instrument for obtaining and utilizing funds. It tries to integrate inputs with outputs of a development programme.