New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A United Kingdom Correct Answer Incorrect Answer
    B Germany Correct Answer Incorrect Answer
    C Japan Correct Answer Incorrect Answer
    D Unites States of America Correct Answer Incorrect Answer
    E France Correct Answer Incorrect Answer

    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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