What is performance Budgeting? Explain with an exampl

 Performance budget also referred to as performance-based budgeting is a practice of preparing the budget based on the evaluation of the productivity of the different operations in an organization. Operations which are contributing the most to the profitability, the larger share of the budget is allocated to that division. It leads to optimum utilization of resources such as finance, skills of the staff, use of the productive time etc.

Basically, performance budget requires an evaluation of the performance and productivity from one budget period to another budget period. It is the process of identifying the results achieved by each division of the organization.

Further, performance budget does not focus on the individual activities which are necessary for developing strategies. Instead, the core focus is the achievement of the overall goal of _______ ______ __________ __________ ______ ___ _________ __________.
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