zero deficit

The Zero Deficit Budget of Malawi (ZDB) was a financial strategy laid out by Minister of Finance Ken Kandodo of Malawi in 2011 under the Bingu wa Mutharika administration that is based on zero-based budgeting. This was a new approach to economic financial budgeting for 'least developed countries' where the government aimed to finance all the recurrent expenditures using its own domestic resources. Kandodo mentioned that this new ZDB is based on several consultations and studies, he did not cite any country on which he will model the zero-deficit budget approach nor a successfully executed Zero Deficit budget. The budget was one of the causes of the 2011 Malawian protests.

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