At this point, a performance budgeting system was introduced.
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According to the more comprehensive definition of Segal and Summers, performance budgeting comprises three elements:
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Author of Chapter 13 ( United States ), " Performance Budgeting in OECD Countries ."
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The US General Accounting Office ( GAO ) reviewed past performance budgeting initiatives in 1997 and found that ZBBs " main focus was on optimizing accomplishments available at alternative budgetary levels:
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In addition to managing the development and execution of New Jersey s $ 30 billion-plus annual budget, Mr . Eristoff played a major role in developing Governor Christie s landmark 2001 pension and health benefits reforms, designed and implemented Governor Christie s Performance Budgeting Initiative, drafted Governor s Christie s $ 2.3 billion business tax reduction package of 2011, advanced significant procurement process reforms, managed several major privatization initiatives, restructured the State s IT governance configuration, and oversaw debt and financial management reforms that achieved $ 1.9 billion in budget savings and eliminated the State s exposure to $ 4.2 billion in risky derivatives.
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