A performance-based budget as a planned expenditure budget is drawn up in the system of functions, tasks and subtasks, together with the indication of subcontracted tasks and objectives that are to be achiev-ed by the implementation of tasks/subtasks and measures, defining the degree of achievement of the objectives. It is an essential element of the public finance management system of the state as a tool for efficient management of public tasks, ensuring the achievement of specific objectives. It is even more effective in a more utilitarian model. The idea of budgeting appeared in the USA in the 40s of the twentieth century. It was associated with the lack of efficiency of public finances in the form of the traditional budgeting model. Over time, the idea spread to other countries, which are primarily the Member States of the European Union. A performance budget is one of the modern forms of public financial management. The data contained in the budget may provide information on the planned investments or a city’s financial condition. The essence of the budget in the task system is to bind the revenue and expenditure with the relevant public tasks. The article is an attempt to construct a reference model of law-based budgetary planning in the sector of public finances. Development of model solutions shall serve subsequent verification within the selected branch of the economy in the future.
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