Four Actions to Integrate Performance Information with Budget Formulation

 

Four Actions to Integrate Performance Information with Budget Formulation

Monday, April 13th, 2015 - 15:04
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Informing budget decisions with performance information is an important element of sound government management.

For example, without knowing how building another 350 miles of fence along the U.S./Mexico border will impact border security, policy makers cannot assess whether it is a wise investment. It may be relatively easy to estimate the building cost and whether the fence can be built in the time frame provided, but that information alone is not enough to make a decision. The performance results must also be projected and compared against the likely performance results from alternative uses of those scarce taxpayer resources. It is only through understanding benefits (that is, performance) and costs together that informed budget decisions can be made.

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