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As we head towards the #budget @TitoMboweni announced the government intends to introduce #ZeroBasedBudgeting (ZBB)- the notion that budgets are justified from scratch- to radically cutback on spending. What does this mean?
A thread:
A thread:
When the RDP was introduced in 1994, the notion of #ZBB (while not mentioned in the RDP doc.) was used at the time to convey the idea that apartheid budgets couldn’t serve as the baseline, but that new budgets needed to be constructed by the democratic state.
A relatively conservative section was controversially inserted on macro economic policy & budgeting- a discussion for another time.
omalley.nelsonmandela.org/omalley/index.…
omalley.nelsonmandela.org/omalley/index.…
