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| | To modernise this method,Michael Kors, the government has introduced 'Output-based budgeting' system. In this new method of budgeting, the ministries provide goals, policies (in shape of outputs - services to be delivered, and outcomes - affect of those services on target population) and performance indicators and targets. The method requires ministries to specify the outputs that they would deliver to the public services. The main aim of introducing this method is to improve comprehensiveness of the budget, introduce a system of performance monitoring, and hold officers accountable for the use of public funds. Each year, the government also tables 'Federal Medium-Term Budget Estimates for Service Delivery' in Parliament together with other budget books at the time of budget presentation in May / June. This book presents the amounts and the intended purpose (government services e.g. public service delivery, facilitation to the markets, regulations, etc.) in shape of policies and performance details. |
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