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Zero-based budgeting
ZERO-BASED BUDGETING

Definition: (economics) System of creating a budget without regard to previous budgets or present expenditures, in which each item must be justified for itself.
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* All nine elements should be in.


1. Purposeful and necessary for the proponent and creator...improving the standard of living.

2. Budget period is specified definitively, so measurable.

3. Proposed expenditure centres make all the right inputs...open, transparent, and participatory.

4. The source or sources of raising funds would be assured.

5. Deficit would not become a burden on future generation...loans or borrowings won't 'strangulate'.

6. Monitoring or evaluation procedure will be put in place.

7. (Reserved.) (Will be executed transparently and fully, even if by some succeeding authority).

8. Economic growth will not be stunted as a direct outcome.

9. Planning method and preparation made serves purpose(s)...having a better quality of life.



The ______ FINANCIAL YEAR.

With a SENSE OF RESOLVE.

For the MAN IN THE STREET.
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See perfect BUDGET (1).

2. Planning and setting targets, with benchmarks based on timelines.

See perfect BUDGETING (1).

4. Borrowing at the cheapest rate, whether internally and/or externally.

See perfect BUDGET (2).

6. Ensuring the received remittances, taxes are judiciously expended.

See perfect BUDGETING (2).

8. Expanding revenue base, spending wisely, saving for the rainy day.

See perfect BUDGET (3).
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N.B. THERE WOULD NOT BE ANY WORRY OR QUESTION, IN THE END, ABOUT AND/OR CONCERNING WHERE ALL THE APPROPRIATED MONIES HAVE GONE TO AND/OR ENDED UP IN. THAT IS, ALL OBLIGATIONS WOULD BE FULLY MET AS AN OUTCOME OF THE SYSTEM.

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