5 3. Performance
Budgeting – Basic concepts Performance
budgeting is a system of
budgeting that presents the purpose and objectives for which funds are required, costs of programs and associated activities proposed for
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budget of a government is a summary or plan of the intended revenues and
expenditures of that government. There are three types of government
budget : the operating or current
budget, the
capital or investment
budget, and the cash or cash flow
budget.
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