Zero-based budgeting in China: experiences of Hubei Province

Zero-based budgeting in China: experiences of Hubei Province

0.00 Avg rating0 Votes
Article ID: iaor20081068
Country: United States
Volume: 18
Issue: 4
Start Page Number: 480
End Page Number: 515
Publication Date: Jan 2006
Journal: Journal of Public Budgeting, Accounting and Financial Management
Authors:
Keywords: economics, management, government, politics, time series & forecasting methods
Abstract:

Sometimes regarded as the best method of prioritizing budgetary expenditures, Zero-Based Budgeting (ZBB) was introduced into China in the early 1990s and systematically adopted since the recent budgeting reform although it has experienced numerous failures in many countries. This study examines ZBB as practised in Hubei province in China. In Hubei, although the reformers are intended to create ZBB as a general budgeting framework, eventually, it was a Chinese style Target-Based Budgeting (TBB) rather than ZBB that has been put into place. Interestingly, ZBB has not disappeared but is deliberately applied to budgetary decisions of one type of expenditures under the Chinese style TBB. However, even in the field where ZBB is practised, its achievements are at best moderate. The Chinese experiment of ZBB presents something new not only for the theory of ZBB but also for the budgeting literature.

Reviews

Required fields are marked *. Your email address will not be published.