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Friday, May 10, 2024

Defining the goals of zero-based budgets

The proposed coalition government wants to allocate funds in a more efficient way, but it could lead to delays

The zero-based budgeting process, which is one of the Move Forward Party’s policies, aims to increase the efficiency of budget spending.

Zero-based budgeting (ZBB) is one of the policies included in the 23-point memorandum of understanding signed by leaders of eight political parties seeking to form a new coalition government following the general election.

The Move Forward Party (MFP) proposed the implementation of ZBB to replace the current budgeting practice, arguing that the existing system does not respond to people’s needs because of bureaucratic obstacles.

What is zero-based…

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