Discuss the zero-based budgeting .

Question

11 Sep 2024

Answer :

Word Count : 324

Zero-based budgeting (ZBB) is a financial management approach that has gained traction in public policy and administration, particularly in India. Unlike traditional budgeting methods that adjust previous budgets based on incremental changes, ZBB requires that every expenditure be justified for each new period, starting from a "zero base." This approach ensures that all expenses are evaluated and approved based on their necessity and alignment with current goals and priorities, rather than merely adjusting past budgets.

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