Economics · Public Finance
What is the core principle of Zero-Based Budgeting (ZBB)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Preparing a budget without allocating funds to infrastructure development
- 2Evaluating every item of expenditure afresh as if it were being proposed for the first time✓
- 3Focusing purely on increasing tax revenue
- 4Arbitrarily cutting down all public expenditure
Correct answer
Evaluating every item of expenditure afresh as if it were being proposed for the first time
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