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The Zero Based Budget: A Panacea for Challenge of Corruption in the Public Sector

Mukoro, D. O. and Ogbari , M. E. (2013) The Zero Based Budget: A Panacea for Challenge of Corruption in the Public Sector. Joumal of Finance and Business Policy, 3. pp. 78-88. ISSN 2306-8595

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Abstract

Traditional budgeting process nornwlly starts with last year's budget. The new budget is merely a change of last year's figures (upwards or downwards) zero Based Budgeting (ZBB) in contrast, is founded on the concept that the need is to consider relative values, rather than comparative cost. This is a process based on organizational goals and the objectives are converting the company activities into decision package and allocating resources based on priorities/cost by the management. The ZBB gives insight to management in that area. What do our overhead department produce, what should they produce and what the cost is. We know that our transparency is zero, the management team of the country should apply the used of zero based budgeting as .this will reduce fraud in the system.

Item Type: Article
Uncontrolled Keywords: Comparative Cost, Transparency, Zero Based Budgeting, Fraud
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 17 Feb 2015 13:23
Last Modified: 17 Feb 2015 13:23
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3521

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