puzzles asked in interview

What are features of outcome budgeting?

Budget is an annual financial statement released by finance minister every year.

It is mentioned in article 11. It provides a clear outlay of expenditures for the coming financial year.

Outcome budget:

  • It is generally a process card about how much result has been acquired in various minifies and departments by using budget allocation.
  • It helps in transparency and accountability.
  • It does not only analyse the results in terms of money but also in quality terms like the tone of steel produced etc.
  • It helps in better service providing.
  • It analyses the outcome in every department by measuring input.
  • Every department has to present its data performed in every unit to finance minister.
  • Ithelps to identify the loopholes in implementation.
  • It analyses the surplus or deficit and takes actions according to it.


Performance budget:

  • It is a performance of every unit in terms of input used and the output that is generated through this.
  • It tries to establish the links between tax funds allocated to the department and the result brought out through the allocation.

Do you know puzzles and data structure questions are common for interview of top companies. Check our the most common puzzles asked in interview in our puzzle course

Difference between Outcome budget and performance budget is that:

Outcome budget takes account of output produced and the process made –

  • Performance budget will try to bring a link between funds allocated and the equivalent results brought out.
  • Outcome budget, performance budget all meant to increase transparency and accountability which are key ingredients of democracy, utmost care to be taken to implement it a proper procedure.

RBI Grade B 2019

Leave a Comment

Your email address will not be published. Required fields are marked *