Free Market
Author:
Francois Melese
Online Publish Date:
The Free Market 13, no. 4 (April 1995) Performance budgeting (PB) is the newest strategy to make the public sector work. Yet as with other similar strategies, PB is fundamentally flawed. Without a system of profit and loss, a bureaucracy not only has trouble motivating its employees; it can’t determine the value of what they are doing in the