zero-base budgeting

American  

Or zero-based budgeting

noun

1. a process in government and corporate finance of justifying an overall budget or individual budgeted items each fiscal year or each review period rather than dealing only with proposed changes from a previous budget. ZBB

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Etymology

Origin of zero-base budgeting

First recorded in 1970

Example Sentences

See Examples For:

zero-base budgeting

Unilever has adopted so-called zero-base budgeting or justifying each year’s expenses from scratch to rein in costs as it works to mitigate the impact of the turbulent macroeconomic environment.

From The Wall Street Journal ● Oct. 7, 2016

Its cost-cutting efforts are also taking hold after it last year became the latest big U.S. food maker to adopt a financial tool known as zero-base budgeting.

From The Wall Street Journal ● May 5, 2016

Q. Is it your judgment that you will need congressional approval for your zero-base budgeting plan?

From Time Magazine Archive

Directed, Choreographed and Costumed by Geoffrey Holder Almost everyone has heard of zero population growth and zero-base budgeting.

From Time Magazine Archive