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Question
Write a short note on a zero-based budget.
Short Note
Solution
Zero Base Budget:
- The Government of India presented Zero-Base-Budgeting (ZBB first) in 1987-88.
- It involves fresh evaluation of expenditure in the Government budget, assuming it as a new item.
- 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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