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Meaning of zero-based budgeting

 

 

 

Zero-based budgeting

 

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Business glossary

 

Meaning of term zero-based budgeting :

 

Zero-based budgeting is a budgeting technique that takes a completely fresh start and avoids using historic / past data as a starting point for budgeting. Budgets are therefore drawn up on the basis of what is needed now as opposed to being derived from what was needed in previous periods.

 

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Zero-based budgeting

 

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Meaning of term zero-based budgeting

 

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