Mboweni recommends adoption of zero-based budgeting
Finance minister Tito Mboweni says he is strongly recommending to president Cyril Ramaphosa and the cabinet that the government adopt a form of budgeting that does not operate on the basis of the previous year’s budget as a baseline.
Adoption of this form of budgeting would represent a significant change from the existing system of using the previous year’s budget as the baseline for the next, and would allow for a fundamental rethink of budgetary allocations to departments in terms of strategic priorities. Mboweni urged that parliament and its committees think seriously about adopting zero-based budgeting, which would involve focusing attention on strategic issues and on growth-enhancing activities, and no longer take for granted that the baseline of the previous year would continue for the future.
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