Q. Which Five year plan recommended Zero based Budgeting as a step to control public expenditure:
Solution:
Seventh five year promoted the Zero based budgeting as a step to control public expenditure. In 1986, the Indian Government adopted ZBB as a system for determing Expenditure Budget. Zero based budgeting is a method of budgeting in which all expenses for each new period must be justified. Under zero based budgeting, no reference was made or considered of previous years.
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