Resources conserved can be easily reallocated to other priorities
On the negative side, countries following Zero-based budgeting fail to focus on their long term achievements, while focusing too much on short term expenditures. Even the reviews and analysis required to be carried out cannot be handled within the normal cycle of the budget process spread over a few months. But all in all, the need for Zero-based budgeting can hardly be over emphasised in a situation of resource crunch, when demands far outstrip resources.
It is absolutely essential that the government’s resources be conserved, by eliminating wasteful expenditure, removing duplication or multiplication of expenditure and making expenses prudent, most fruitful and efficient. Well, it sounds good but will we implement it?
On the negative side, countries following Zero-based budgeting fail to focus on their long term achievements, while focusing too much on short term expenditures. Even the reviews and analysis required to be carried out cannot be handled within the normal cycle of the budget process spread over a few months. But all in all, the need for Zero-based budgeting can hardly be over emphasised in a situation of resource crunch, when demands far outstrip resources.
It is absolutely essential that the government’s resources be conserved, by eliminating wasteful expenditure, removing duplication or multiplication of expenditure and making expenses prudent, most fruitful and efficient. Well, it sounds good but will we implement it?
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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Prof. Arindam Chaudhuri’s Session at IMA Indore
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IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
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IIPM B-School Facebook Page
IIPM Global Exposure
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IIPM Links
