In: Finance
Some budget reformers argue that performance budgeting presents an ideal framework to integrate gender and race oriented inequalities to budgetary decisions. Others argue the opposite is true. Is it feasible to incorporate gender and race-oriented budget reforms within existing performance budgeting efforts? Why or why not?
I think it is possible for inclusion of gender and race oriented budget reforms within existing budgeting efforts in performance budgeting because performance budgeting is related to budgeting which will be based upon importance and performance of various departments in the organisation and it will be reflecting the improved management in the company along with higher transparency and enhance communication along with better relationship management so it will help in elimination of all the barriers related to gender and race as it will be trying to incorporate equity principle of management in performance based budgeting, which will synchronise the rights of each of the groups of the company with the performance budgeting and it will enhance the ability of larger groups of persons to work for the benefit of the organisation and eliminate all such gender based bias and inequality which is existing in the organisation by providing for equal opportunity and budgeting which is based upon performance.