Zero Base Budgeting
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Zero base budgeting is a new planning and budgeting technique that offers an organisation several important benefits: it eliminates waste and irrelevant expenditure and will enable budget makers to make a realistic assessment of the budget provisions. It will also make possible a more meaningful analysis of achievements under previous budget allocations. It redirects efforts and funds from lower priority current programme to higher priority programmes and reduce waste. Zero base budgeting has been successfully applied to industry and Government organisations in USA. In India it has been applied in the industrial organisations and it is also applied by the Central Government as well as Government of Maharashtra for their budgets of 1987-88. The Government of Rajasthan has also adopted this method for the preparation of its budget from the financial year 1995-96.
The articles presented in this book pertain to the concept and philosophy of ZBB, case studies and views of administrators, managers, academicians and social scientists.
If India is to develop and progress and take its due place among the nations of the world, we have to make use of modern techniques like zero base budgeting. The central Government as well as the State Government can improve their working and can give more to their employee by eliminating waste and irrelevant expenditure.
| Common | |
| Author | Ramakant, Sugan C. Jain |
| Binding | Hardcover |
| Edition | 1 |
| ISBN | 81-7132-118-6 |
| Language | English |
| Number Of Pages | x+209 |
| Publication Year | 2008 |
| Publisher | Pointer Publishers, Jaipur |