What is performance bugeting?

Answer 1

Well, whether in personal,company or government budgetings, perfomance plays the pivotal role and very much interlinked with it. Unless the target or goal whatever terminology is applied for, is achieved through good performance, the basic objective of budgeting is very often frustatrated. There is a well known proverb i.e. 'Perform or Perish', which is main mantra for modern day messiahs. Even if you do not perform upto the satisfaction of your employer, you get often see the red eye of him, even your wife will not not behave up to your desire.