Presidential Hopeful Vivek Ramaswamy Touts 'Zero-Base Budgeting' As Fix For Staggering US Debt: 'That's How Any Good CEO Would Handle This Mess'
Portfolio Pulse from Shanthi Rexaline
Presidential hopeful Vivek Ramaswamy has proposed 'zero-base budgeting' as a solution to the US's $33 trillion debt. Ramaswamy, who has experience running businesses including Roivant Sciences, believes that each department should start from scratch when budgeting, rather than using the previous year's budget as a starting point. The concept of zero-base budgeting has been increasingly adopted by corporations in uncertain economic times, with General Motors Corp., Honeywell International, Inc., and Coty, Inc. among those that have successfully implemented it.
September 28, 2023 | 8:52 am
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Coty, Inc. has successfully implemented zero-base budgeting.
The news mentions Coty, Inc. as a company that has successfully implemented zero-base budgeting. However, it does not provide any specific details about the impact on the company's financial performance or future prospects.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
General Motors has successfully implemented zero-base budgeting.
The news mentions General Motors as a company that has successfully implemented zero-base budgeting. However, it does not provide any specific details about the impact on the company's financial performance or future prospects.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Honeywell International has successfully implemented zero-base budgeting.
The news mentions Honeywell International as a company that has successfully implemented zero-base budgeting. However, it does not provide any specific details about the impact on the company's financial performance or future prospects.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50