Write a short note on zero based budget?

1.	Write a short note on zero based budget?
Answer» Zero Base Budget: 1. The Government of India presented Zero-Base Budgeting (ZBB first) in 1987-88. 2. It involves fresh evaluation of expenditure in the Government budget, assuming it as a new item. 3. The review has been made to provide justification or otherwise for the project as a whole in the light of the socio economic objectives which have been already set up for this project and as well as in view of the priorities of the society.

Answer»

Zero Base Budget:

1. The Government of India presented Zero-Base Budgeting (ZBB first) in 1987-88.

2. It involves fresh evaluation of expenditure in the Government budget, assuming it as a new item.

3. The review has been made to provide justification or otherwise for the project as a whole in the light of the socio economic objectives which have been already set up for this project and as well as in view of the priorities of the society.

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Write a short note on zero based budget?

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