Your Budget: From Axe to Aim

Budgeting for outcomes is a budget process that aligns resources with results produced. Instead of starting with the previous year’s budget and justifying increases from that base, BFO starts with a set of results and encourages creative ways of achieving them. The budget is prepared through an inclusive and interactive process that is different from the traditional budgeting process. BFO does not enable the players in the budget to become better at the game; it changes the rules of the game.   Read article