Performance budget is a budget that reflects the input of resources and the output of services for each unit of an organization. This type of budget is commonly used by the government to show the link between the funds provided to the public and the outcome of these services.
Performance budget is a way to allocate resources to achieve specific objectives
based on program goals and measured results. It comprises three elements:
the result (final outcome)
the strategy (different ways to achieve the final outcome)
activity/outputs (what is actually done to achieve the final outcome)