Meaning of “zero-based budgeting” in the English Dictionary

business-english dictionary

"zero-based budgeting" in Business English

See all translations

zero-based budgetingnoun [ U ]

abbreviation ZBB uk us ACCOUNTING

a method for business budgets in which all costs are considered again each year, and each department must say why it needs the amount it asks for:

Zero-based budgeting asks managers to examine the services they are required to deliver and then build up their cost structure from scratch.

(Definition of “zero-based budgeting” from the Cambridge Business English Dictionary © Cambridge University Press)