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What Is Zero-Based Budgeting?

By Adam Levy – Updated Dec 12, 2024 at 2:27PM

Key Points

  • Zero-based budgeting disregards past budgets, focusing only on current needs and results.
  • It requires justification for every expense, aligning them with strategic business goals.
  • Switching from traditional to zero-based budgeting can reduce costs by optimizing spending.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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