Economic Daily: Managing the Government's Purse from 'Zero'

On November 4th, Jinshi Data reported that the focus of zero-based budgeting is not simply to reduce expenditures, but to optimize expenditure structure and spend every penny on the cutting edge. It increases support for key areas, uses precious fiscal funds for urgent development and people's livelihood, achieves "being frugal with small money and generous with big money", and concentrates financial resources on major tasks. Zero-based budgeting starts from "zero", which means that when preparing the budget, it does not consider the budget items and revenue and expenditure levels in previous years, but examines the content and amount of each expenditure based on actual needs and financial conditions. Implementing zero-based budgeting is to break the concept of base number and the fixed pattern of expenditure, optimize expenditure structure, and improve the efficiency of fund utilization.