You are here

What is performance informed budgeting?

Submitted by Anonymous (not verified) on Tue, 2016-01-05 16:05

Oklahomans and state decision makers now have a comprehensive, holistic picture of how state resources are having an impact on social outcomes. Oklahoma's performance informed budgeting initiative aligns financial resources to state priorities and measurable outcomes. It enables leaders to better assess progress over time, tie budgeting to results, and provide transparency to citizens. As a part of the budget cycle, agencies are aligning their budgets to statewide programs – strategic priorities of the state. The programs are in turn aligned to high-level strategic objectives. By aligning budget and performance to statewide programs, dollars spent and performance improvement can be seen in the same place at the same time. This is the first year to have both statewide performance and financial information together on OKStateStat. For the first time, Oklahomans will have a global picture of how state government is using their resources to achieve meaningful results.