Question
The idea of Zero-Base budgeting (ZBB) first came to the
privately owned organisation of the _____ by the 1960s. It was the expert Peter Phyrr who first proposed this idea for government budgeting.Solution
It was the US financial expert Peter Phyrr who first proposed this idea for government budgeting and Jimmy Carter, Governor of Georgia, USA was the first elected executive to introduce ZBB to the public sector. When he presented the US Budget in 1979 as the US President it was the first use of the ZBB for any nation state. Since then many governments of the world have gone for such budgeting.
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