Types of Budgets: UPSC Daily Important Topic | 23 December 2021

Types of Budgets

•Zero Based Budgeting:

✓Zero-based budgeting is a method of budgeting in which all expenses are evaluated each time a Budget is made and expenses must be justified for each new period.

✓Zero budgeting starts from the zero base and every function of the government is analysed for its needs and cost. Budget is then made based on the needs

•Outcome Budget:

✓ Outcome Budget analyses the progress of each ministry and department and what the respected ministry has done with its Budget outlay. It measures the development outcomes of all government programs. It was first introduced in the year 2005.

•Gender Budgeting:

✓The gender-budgeting is defined as “gender-based assessment of Budgets, incorporating a gender perspective at all levels of the budgetary process and restructuring revenues and expenditures in order to promote gender equality”. It is actually budgeting for gender equity.