zero-base budgeting: Meaning and Definition of

ze'ro-base budg'eting

Pronunciation: [key]
  1. a process in government and corporate finance of justifying an overall budget or individual budgeted items each fiscal year or each review period rather than dealing only with proposed changes from a previous budget.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.